#加密领域市场回调 Fed's recent actions, do you understand them?

The president of the New York Fed recently stated that they would "expand the balance sheet," and the market immediately sensed something different. Although officials keep explaining that this is just a routine technical operation to supplement bank reserves, you and I both know that the nearly two-year-long quantitative tightening may truly be coming to an end.

What does this mean for the crypto space? Looking back at historical data, every time the Fed goes through a quantitative easing cycle, risk assets like Bitcoin generally experience a significant increase. When liquidity is loosened, hot money naturally flows towards high-yield assets; this logic has proven to be effective time and again. The recent price fluctuations of $BTC have already started to reflect this expectation.

But that being said, we shouldn't get too excited too early. The farce of the government shutdown hasn't been completely resolved, and the games played by those politicians in Washington could slow down the pace of policy implementation at any time. What's worse is that the market has already inflated its expectations; when the policies are actually implemented, there might instead be a "buy the rumor, sell the news" sell-off.

Personal opinion? Long-term thinking is indeed correct, and the macro environment is indeed shifting in a favorable direction. But to go all in right now? That is purely a gambling mentality. A prudent approach should be to build positions in batches and increase the allocation ratio only after the policy details are truly clarified. After all, in investment, you have to survive long enough to laugh in the end.