The dollar's trajectory is returning to normal—which ultimately depends on liquidity—otherwise, market conditions will remain challenging. Bitcoin and cryptocurrencies maintain a high correlation with the dollar because the dollar serves as a benchmark for real-time liquidity. Currently, the market is signaling that whatever measures central planners intend to take (interest rate cuts, temporary repurchase agreements, adjustments to the statutory liquidity ratio), they will fall far short. The market will always force the Federal Reserve and the government to act. Liquidity must be guaranteed.