#美联储回购协议计划 The Federal Reserve's repurchase agreement plan continues to impact the entire financial market, and the crypto asset sector is also finding it hard to be unaffected. Recently, the volatility of small and mid-cap coins like $BIFI, $ZBT, and $BANANA clearly illustrates this—once liquidity expectations are adjusted, the performance of such assets tends to be the most sensitive.

From on-chain data, the activity of large transfers has indeed increased recently, suggesting that some are preparing for changes in Federal Reserve policies. In the medium to long term, if liquidity conditions truly tighten, DeFi tokens and cross-chain assets may face adjustment pressures. Conversely, once the Federal Reserve signals a positive stance, these coins could see a rebound opportunity.

Constantly monitoring macro policy developments has become a fundamental skill for crypto traders.