#数字资产动态追踪 $SUI $PEPE $BREV

🔥【Don't be fooled! The true nature of the Federal Reserve's $74.6 billion repurchase operation】

Last night, a crazy rumor spread in the financial circle: the Federal Reserve's single-day overnight repurchase scale reached $74.6 billion. The crypto world instantly boiled over, with many shouting "Bull market is coming." But think calmly—is this really a good thing?

Honestly, this is not really "liquidity injection."

True quantitative easing (QE) involves the central bank large-scale purchase of long-term government bonds, directly injecting cash into the economy to stimulate investment and consumption. The so-called "big liquidity flood" is this. But last night's operation was just an emergency measure. Banks are short on funds at the end of the year, and liquidity is extremely tight. The Federal Reserve stepped in as a "liquidity repairman"—taking some money from financial institutions and lending it to others to get through the tough times. The money still needs to be paid back in the end; it doesn't actually flow into our trading markets.

💡 Regarding the impact on the crypto market, let's break it down:

**Psychological effect outweighs actual impact**
In the short term, it may stimulate sentiment, but this is not the starting gun for a bull market. Be cautious of being blinded by emotions.

**Follow-up signals are the key**
This operation at most restores liquidity from "tight" to "normal," far from "loose." For Bitcoin to see a meaningful rebound, more concrete evidence is needed—such as the Federal Reserve's balance sheet truly beginning to expand, or a significant increase in on-chain stablecoin supply.

**Don't expect liquidity miracles**
In this kind of liquidity-boosting environment, those expecting a full-blown surge are likely to be disappointed. The market's movement ultimately depends on genuine buy and sell forces, whether key price levels can hold, and how risk appetite shifts.

Ultimately, this is a "pipeline clearing" for the financial system, not "fuel" for risky assets. Keep an eye on on-chain data, stay sober in judgment—that's the way to survive.