#美联储回购协议计划 Recently, the focus of market discussions has shifted to the potential driving effect of financial liquidity injection on the encryption ecosystem. Such policy tools often directly influence the direction of the entire digital asset market.

Let's take a look at the current price performance of mainstream coins: $BTC is at 89735.8 dollars, $ETH is quoted at 3050.54, and other mainstream coins like $BNB (868.43) and $SOL (127.97) also have their own performances.

Historically, when the liquidity in traditional financial markets is sufficient, Bitcoin is often used by institutions as a hedge asset. If the related repurchase plans do indeed expand overall liquidity, this effect could further increase the valuation of digital assets. However, it is important to note that such increases are often accompanied by significant short-term volatility risks.

There are several factors worth noting. First, the release of U.S. CPI data this week will serve as a barometer for the Federal Reserve's next policy move — this directly relates to the market's liquidity expectations. Second, the halving cycle of Bitcoin and the macro liquidity, if combined, may generate a resonance effect. Furthermore, the approval progress of the Ethereum spot ETF continues to attract attention, as this relates to the speed at which traditional funds enter the market. Additionally, we need to see if the altcoin season will be initiated with the overflow of liquidity — this is often the stage where risks are most concentrated.

Overall, the degree of macro liquidity tightening and the development of on-chain fundamentals are two engines driving the encryption market simultaneously. Maintaining rational position management is key; do not let FOMO emotions push you into chaotic operations.