#美联储降息 The Federal Reserve is once again releasing liquidity, this time through a $40 billion monthly Treasury bond purchase program. Once the news broke, many friends started asking—what does this have to do with Bitcoin and crypto assets? Will prices really surge?

The core logic is actually simple. When the Federal Reserve buys government bonds, essentially it’s injecting money into the financial system, increasing US dollar liquidity. When there's more money, it flows into various asset classes, and the crypto market is naturally among them. Under such an environment, risk assets like Bitcoin can gain emotional support, and in the short term, this might indeed drive prices higher.

But here’s a key turning point—this news also hints that next year, the Fed will gradually reduce these purchases. In other words, the pace of "money printing" is slowing down. This won’t be an endless liquidity feast. So, don’t just go all-in on this news and treat it like gambling chips. Playing that way will eventually lead to losses.

What should you actually do?

**Hold what you have.** If you’re already bullish on Bitcoin or other mainstream crypto assets, this macro environment is favorable. Stay confident and don’t get scared by short-term fluctuations.

**Be cautious with new capital.** Want to add positions? Wait for a correction before entering, or use dollar-cost averaging to build your positions gradually. Don’t jump in at the peak when the market is celebrating.

**Return to the project's fundamentals.** When liquidity flows in, everything rises; when it recedes, you can see who is truly exposed. Focus on the assets you've deeply researched and believe in for the long term.

Overall, view this round of liquidity release as background music, not a trumpet signaling a charge. The market is ever-changing—only by staying rational and controlling your trading impulses can you survive longer and navigate more steadily in the crypto space.