#加密生态动态追踪 The Federal Reserve has turned on the liquidity faucet, and the market has sniffed out new opportunities.

Recently, the Fed has been quite active—buying $40 billion worth of short-term government bonds each month, along with reinvestment of MBS. Wall Street analysts have calculated that by 2026, the Fed will absorb nearly $500 billion in short-term debt, effectively buying up most of the market’s current supply. This operation, called "reserve management," sounds very professional on the surface, but in reality, it’s a massive injection of liquidity into the financial system—creating new opportunities built on low-interest-dollar liquidity.

For traders, this wave of liquidity arrives at just the right time. When borrowing costs plunge, where do risk-tolerant institutional funds go? Into crypto assets. Bitcoin once surged 17 times during the last round of quantitative easing. Now, the channels for institutional entry are even more mature—spot ETFs, professional custody, and compliant pathways are being perfected one after another. Powell has recently adopted a dovish stance, and Bitcoin has already reached the $94,500 mark. This makes it clear: liquidity is the most direct fuel for the crypto market.

The strategy behind yield spread trading is actually quite simple: borrow cheap dollars, pour them into highly elastic cryptocurrencies, and earn double returns from interest rate differences and valuation increases. Short-term volatility is inevitable; liquidity may tighten toward the end of the year, but the broad direction of Fed balance sheet expansion is set. Under policy interventions, the dollar’s credit faces pressure, and decentralized crypto assets have become a reliable hedge against sovereign risk. This liquidity feast led by central banks is fueling the next wave of market activity, and those quick-reacting traders have already secured their positions.

$BTC $ETH $SOL