Bottom formation based on the comparison of Others.d and total3.If this chart is accurate, we could be at the bottom of the crypto alt season. Here's why I believe this may happen: Total central bank liquidity is increasing, even though the Fed is not currently printing money, and the Federal Reserve's balance sheet has been shrinking since last year. However, the continuously decreasing CPI in the U.S. and the expectation of interest rate cuts may help inject liquidity into the crypto market.