#以太坊大户持仓变化 Will the Federal Reserve initiate a new round of liquidity measures? The market is digesting this signal.

Based on recent policy disclosures, there may be a significant liquidity adjustment before 2026. On the surface, this appears to be a routine tool of the central bank, but its impact on global capital allocation should not be underestimated—loosening of dollar liquidity often triggers re-pricing of traditional assets, followed by sharp volatility in the exchange rate markets, with Asian currencies especially vulnerable to the first wave of shocks.

Historical data shows that whenever the Fed signals similar policy moves, cryptocurrencies like Bitcoin and Ethereum tend to react first. In the past five instances of similar monetary environment changes, $BTC's average volatility within 72 hours exceeded 15%, indicating that the crypto market is far more sensitive to liquidity changes than traditional financial markets.

Now, traders face a multiple-choice question:

**Go long or wait?** If dollar liquidity truly loosens, risk assets may see a rebound window. Leveraging to go long on Bitcoin could be an option. But it also depends on your risk tolerance—volatility over 15% means losses could come just as quickly.

**Bottom-fishing or being conservative?** Small coins that are unfairly punished often catch up when liquidity is abundant, but this requires stronger information advantages and disciplined execution.

**What about being cautious?** If you don’t want to get caught in this wave of volatility, switching to stablecoins and observing is also reasonable—waiting for clearer signals before stepping in.

The key is to wait until the data actually materializes. Currently, we are still in the expectation phase; real opportunities usually only appear after confirmation.