#美联储联邦公开市场委员会决议 $ETH $SOL The Federal Reserve's "隐性放水" is here, with $40 billion in liquidity flowing into the market, changing the market trend

This week's actions by the Federal Reserve are worth noting. A 25 basis point rate cut is just superficial; the real core is the so-called "Treasury Reserve Management Purchase Program"—initially valued at $40 billion, which has been operational since December 12.

This is not an ordinary market adjustment; essentially, it's a form of easing. The Fed has completely reversed its "balance sheet shrinking" from previous years and is now beginning to inject liquidity net. Moreover, this timing is earlier than market expectations, with the hot money expected to support until April 2026.

Additionally, futures traders expect at least two more rate cuts before 2026. The entire policy environment is actually much more accommodative than the public perceives.

Liquidity easing has always been an accelerator for risk assets. Emerging assets like cryptocurrencies are most likely to attract capital and be re-priced in this environment. As you can see, although the Federal Reserve did not directly name cryptocurrencies, this wave of "隐性放水" has laid a fertile ground for the entire risk sector.

Liquidity conditions are improving, and policy expectations are becoming less pessimistic. This shift will sooner or later translate into increased market confidence. It is worth continuing to observe this development.