Last night, the Federal Reserve injected $26 billion in liquidity, and there was a wave of cheers in social circles saying "Bull Market is here." I took a close look at the K-line charts of coins like ZEC, SUI, FLOW, and others, and frankly, I was a bit disappointed—most are still sideways or even slightly declining. Although this "liquidity injection" caught attention, it is far from as revolutionary as imagined.

Let's start with some easily overlooked facts. First, this $26 billion is not QE (Quantitative Easing); more accurately, it is a "technical liquidity boost." The main purpose is to address short-term liquidity gaps and prevent market crashes, not a shift to an easing policy by the Federal Reserve. Interest rates remain high, and this major backdrop has not changed.

Second, smart money has been positioning itself in advance. You may notice that in recent weeks, privacy coins like ZEC have already surged significantly. When this news was officially announced, the market reaction was relatively muted. This indicates that institutions and large investors had already anticipated this move.

Third, the market landscape has changed. When liquidity is released, it is no longer an era where all altcoins rise and fall together. Capital flows are becoming more precise; only coins with solid fundamentals can attract incremental funds.

So, which coins are worth paying attention to during this liquidity release?

**The Rebound Logic of Privacy Coin ZEC**

ZEC has surged over 2200% in the past three months, and this is not out of nowhere. Strengthening on-chain monitoring and KYC are the major background factors. Institutions and high-net-worth individuals are more eager than ever for privacy transfer tools. ZEC’s "selective disclosure" feature is its core competitive advantage—it can enable truly private transfers while allowing compliance review when necessary. This is something other privacy coins cannot achieve. More importantly, a major technical upgrade is expected next month, which could spark imagination in the entire privacy coin sector.

**SUI’s "Good Student" Attribute**

SUI has appeared in the ETF application documents of a leading asset management firm, which everyone understands what it implies. From a technical perspective, SUI’s transaction processing speed far exceeds similar projects (more than five times faster than a well-known high-speed chain), and recent ecosystem project growth has been solid. If Bitcoin ETF funds continue to flow into the crypto market, coins like SUI with strong fundamentals and institutional backing tend to be the most sought after.

**Long-term Imagination Space of FLOW**

FLOW is the public chain behind NBA Top Shot. Although the NFT sector has been quiet recently, this project’s layout in gaming is becoming clearer. Recently, it signed cooperation agreements with several top-tier game companies, and three large blockchain game products are expected to launch early next year. FLOW’s market cap is still relatively small, so its volatility space is quite large. Such coins are suitable for participants with strong risk tolerance.

**Current Operation Recommendations**

First, don’t rush to chase highs. The hype around this news will fade quickly. Once market sentiment returns to rationality, better entry opportunities will arise. Second, choose coins based on fundamentals; avoid blindly following the trend. Lastly, manage risks carefully, as altcoins tend to be much more volatile than mainstream coins.