Today is the 555th day since I started posting dynamically, and I haven't missed a single day. Each post is not done half-heartedly, but is prepared with care. [微笑] If you think I am a serious person, you can follow me, and I hope the content each day can help you. The world is big, and I am small, so please follow me to make it easier to find. [微笑][微笑]

Global assets have reached new highs, but the crypto market has remained stagnant for these four years, and even regressed. The Federal Reserve has been flooding the market with liquidity during this time, and risk assets are the most sensitive, but this sensitivity does not need to be immediately reflected on the charts; it manifests at the moment price fluctuations begin. Previously, Bitcoin retraced 30% and consolidated for about 3 months. This time, counting from early October, it is roughly the same. The market has about 10 days to establish a fluctuation structure, and now there is a lot of bearish liquidity above. The main forces have wiped out all bullish liquidity after a year of killing, and have then nurtured a bunch of bearish positions. We will watch the changes quietly; for the short-term skirmishes, we can just enjoy the spectacle.

The Federal Reserve plans to inject $6.8 billion into the market on Monday to ease year-end liquidity pressures. This short-term liquidity support is typically aimed at situations of tight funding, especially when banks and institutions rebalance their balance sheets at year-end. While it does not change the long-term policy direction, it usually provides temporary relief for risk assets by alleviating funding pressures. Historically, liquidity injections tend to first stabilize the market and then selectively boost the assets most sensitive to liquidity, with the actual impact depending on whether this is a one-time operation or the beginning of ongoing support.