2026-01-07 03:40:42

#2026年比特币行情展望 $SUI $PEPE $BREV

【Federal Reserve Overnight Repurchase Agreement at $74.6 Billion: Don't Confuse This with Opening the Floodgates】

Last night, rumors spread in the market that the Federal Reserve's single-day overnight repurchase operation reached $74.6 billion. Many people saw this number and started to imagine that the era of floodgates opening has returned. Stay calm.

Basically, this is a technical operation and does not mean actual quantitative easing. What's the difference?

True QE involves the central bank buying long-term government bonds, with money flowing into the real economy to stimulate investment and consumption. Yesterday's operation, on the other hand, was just a liquidity management move at the end of the year when banks face liquidity tightness—borrowing from financial institutions and then repaying them. The money circulates within the system, so its direct impact on the stock and crypto markets is limited.

What does this mean for the crypto space? Three key points to understand:

**First, the emotional impact outweighs the substance**
In the short term, there might be some follow-on buying, but this is far from a bull market trigger. The market needs to see real liquidity spillover outward, not just internal shifts within the system.

**Second, future signals are the key**
Currently, the move only shifts liquidity from "tightening" back to "balance," not towards "easing." For Bitcoin to continue rising, more concrete indicators are needed: when will the Fed's balance sheet truly expand, or is there a noticeable increase in stablecoin supply? These are the real nutrients for risk assets.

**Third, the market's essence remains unchanged**
Don't expect a full-blown surge driven solely by liquidity. The crypto market's movement ultimately depends on trading depth, key support levels, and capital sentiment rotations.

In simple terms: this is a "snake-shaped liquidity channel" for the financial system, not "rocket fuel" for risk assets. Want to make money? Keep an eye on on-chain data, make independent judgments, and don't get caught up in hype.

BTC0,78%

SUI-3,53%

PEPE-10,23%

BREV-9,19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
5
Repost
Share

Comment

0/400

ApeWithAPlan

· 01-09 13:14

746 billion sounds scary, but in reality, it's just a spinning game played by financial institutions themselves. It's not as exciting as you might imagine...

View OriginalReply0

UncleWhale

· 01-07 04:10

746 billion is just a bunch of nonsense, really confusing people. To put it simply, it's internal shuffling within financial institutions. What does it have to do with our crypto circle? Don't be fooled by these numbers; the real money hasn't arrived yet.

View OriginalReply0

CountdownToBroke

· 01-07 04:04

746 billion just to fool me into getting on board? Honestly, it's just bank transfers between institutions, has nothing to do with our crypto circle. Don't be blinded by these numbers.

View OriginalReply0

DefiVeteran

· 01-07 03:46

746 billion may seem like a lot, but that's just the end-of-year bloodletting for banks. After a round of circulation, it's still the same amount of money. Don't be led by the rhythm; the real flood hasn't arrived yet.

View OriginalReply0