#我的七夕交易分享 trillion dollars of liquidity is on the way, and the crypto market is set for a systemic repricing

Many people are only focused on the Federal Reserve’s rate-cutting cycle while overlooking that FIMA balance-sheet expansion is a more direct release of liquidity.
Rate cuts change the cost of capital, whereas balance-sheet expansion directly injects additional dollars into the market. For crypto assets, changes in marginal liquidity will always matter more than the absolute level of interest rates.
Trillion-scale incremental liquidity is enough to trigger a new market rally
Let’s do the math: The U.S. Treasuries held by the Japanese government alone are worth $1.143 trillion, and adding the $230 billion held by GPIF brings the total to $1.373 trillion. If all these assets could be converted into liquidity through FIMA, it would be equivalent to injecting trillion-scale additional dollars into the market.
For comparison, during the COVID-19 pandemic, the Federal Reserve expanded its balance sheet by approximately $4 trillion in total, directly triggering the global asset bull market of 2020-2021. Although the scale of this liquidity increase is different this time, the direction is exactly the same—the Federal Reserve’s balance sheet is expanding again, dollars are flooding the market, and all dollar-denominated risk assets will undergo a valuation repricing.
The market has already provided a signal: Gold prices have rebounded sharply from their recent lows, precisely reflecting smart money pricing in expectations of looser dollar liquidity.
The choice of capital is also clear: Rather than investing in AI infrastructure, where returns on capital are becoming increasingly uncertain, the market prefers to flow into hard assets such as gold and Bitcoin that carry no counterparty credit risk.
BTC and ETH will benefit first, with the highest certainty of valuation recovery.
Bitcoin is the core asset in liquidity-driven rallies. As long as the Federal Reserve expands its balance sheet, Bitcoin will not be absent. At the current stage, both Bitcoin and Ethereum are undervalued.
Ethereum in particular is one of the few major coins that failed to break its previous all-time high during the 2025 market rally, while also carrying the narrative of serving as the security layer for RWA assets. Its catch-up potential is therefore very clear. During a cycle of shifting macro liquidity, large-cap blue chips are always the first to benefit and offer the highest certainty.
If the FIMA rule changes are implemented, they will become a key catalyst for the crypto market to shift from a range-bound market into a trending bull market. Before then, the market may gradually rise amid hesitation, but once the signal becomes clear, the rally will quickly enter its main upward phase.
$BTC ‌