One of the strongest bullish signals in any market is the return of liquidity.

Notably, that signal is becoming harder to ignore. For nearly two weeks, the crypto market has been stuck in a tight range around $2.15 trillion in total market cap.

This comes after four straight weeks of downside pressure that wiped more than $550 billion from the market. Against that backdrop, the steady buildup in liquidity is a constructive signal.

To start, the U.S. money supply has reached a new all-time high of $22.8 trillion, expanding by more than $400 billion since the start of 2026. In simple terms, there is more liquidity in the system than ever before.

Historically, excess liquidity tends to find its way into risk assets, making this a…