The Federal Reserve conducted a significant overnight repo operation, injecting $31 billion into the U.S. banking system—the largest liquidity injection since the COVID pandemic. This move reflects growing concerns about short-term funding pressures in traditional financial markets. Such monetary interventions typically influence broader risk asset markets, including cryptocurrency valuations. Investors tracking macro trends often monitor Fed operations as a key indicator of market liquidity conditions and central bank policy direction. The scale of this injection marks a notable shift in liquidity management strategies.