The idea is, the fed may not print money until it something big breaks. And in fact it is still removing "liquidity".

So if I understand correctly, a liquidity event is when people panic sell investments into dollars to get "liquidity".

This could happen briefly before money printing starts and asset prices make the Nike swoosh.

if history is a guide for the future, I need to prepare myself for a 50% drawdown around this "liquidity event" along the way to 1M Bitcoin.