A recent development in the financial markets warrants attention. While the Federal Reserve has been implementing rate cuts, it has quietly launched a bond-buying program—this move is referred to as "Invisible Quantitative Easing" in the market.

Specifically, on December 12, the Fed initiated this liquidity injection plan, with the first batch of $400 billion already in place. More importantly, this process is not a one-off event—according to the plan, liquidity injections will continue until April 2026. This means the market will face a relatively long period of monetary easing.

The policy signals are already quite clear. From the previous stance of balance sheet reduction, the shift to a net injection mode is a complete turnaround—this 180-degree switch is not a minor adjustment. The combination of rate cuts and bond purchases sends a message: the Federal Reserve's focus has shifted from suppressing inflation to supporting economic growth. When the cost of funds decreases, investors typically chase risk assets for higher returns.

Looking at the spot and futures market performance, traders have already begun to bet accordingly. Futures data suggests there could be two more rate cuts before 2026. The entire cycle of liquidity easing is likely to last much longer than many initially expected. This often means valuation expansion opportunities for risk assets like BTC and ZEC.

Interestingly, recalling previous market trends—institutional investors injected a hefty $560 million to establish long positions. It seems their timing was quite precise. This naturally raises the question: did large funds sense the policy shift ahead of time?

Historical experience tells us that quantitative easing cycles tend to push asset prices higher. From LUNA to other mainstream tokens, how this liquidity release will influence the crypto market remains worth monitoring.