Recently, the Federal Reserve injected another 16 billion USD into the banking system, a scale comparable to some of the most aggressive operations since the pandemic. It appears to be an action typical of traditional finance, but the chain reaction in the crypto ecosystem is actually much more significant than you might imagine.

Of course, this money won't directly flow into Bitcoin wallets, but the transmission pathway needs to be understood thoroughly. After the central bank releases liquidity, funds usually first impact traditional markets like stocks and bonds, then seek out higher-yield opportunities. Looking globally, the assets most likely to attract liquidity and with the most extreme risk-reward ratios are precisely those decentralized, with a fixed supply, and beyond the control of any single entity—especially the big brothers, BTC and ETH.

From a different perspective, the essence of the Federal Reserve's frequent interventions is essentially a de facto devaluation of the dollar. Once people's confidence in the centralized monetary system wavers, they naturally seek alternatives that resist devaluation. This is also why the market is so focused on this matter—it reflects the real changes happening in the global macro environment.

For investors, the current approach can be divided into several directions:

First, do not blindly chase high prices. Liquidity release takes time from policy announcement to actually boosting risk assets. The market is likely to experience phased adjustments due to expectations gaps, and players rushing to go all-in often become passive recipients of volatility.

Second, focus on core asset allocation. In a highly volatile market, there are few truly reliable value anchors. The scarcity consensus of Bitcoin, Ethereum's ecosystem depth, and a few projects with genuine user bases and innovation are the real tools to resist long-term currency devaluation.

Third, leave room for trading. Every large-scale intervention by the Fed plants volatility mines in the market. Maintain sufficient capital reserves and wait for opportunities when panic causes investors to sell off quality projects—this is often the best time to make a move.

The turning point of macro liquidity is often the watershed for the crypto market. This time will be no different.