The Federal Reserve's latest survey indicates roughly $220 billion in bill purchases anticipated over the next 12 months. This data reflects crucial shifts in institutional demand for short-term instruments, signaling broader monetary policy trajectories. The scale of bill buying activity serves as a barometer for liquidity conditions and risk appetite across traditional markets—factors that ripple through crypto markets during macro cycles. Understanding these Fed signals helps traders gauge periods of tightening versus easing, which historically correlates with digital asset volatility and broader market sentiment swings.