The Federal Reserve recently spent $15 billion on Treasury bond repurchases, hitting a record high and sparking speculation among analysts about long-term capital inflows into cryptocurrencies. Although the total cryptocurrency market cap declined by 13.14% in February, the easing macroeconomic environment—represented by a 16% drop in oil prices and $10 billion in on-chain tokenized U.S. Treasury bonds—indicates that improved liquidity could gradually shift funds toward risk assets like cryptocurrencies.