Remember 2019? Right after the Fed wrapped up quantitative tightening, something interesting happened with the Russell 2000.

First came a quick pullback. Nothing dramatic. But then—barely a month later—small caps roared back and basically led the entire market rally. Crypto? It lagged at first, then exploded into the chase phase with serious momentum.

Of course, COVID-19 slammed the brakes on everything before we could see how far that cycle would've run. But the pattern was there: policy shift → small-cap rotation → delayed crypto surge. Worth keeping in your mental playbook.