2025-12-28 07:21:51

Year-end is here, and the Federal Reserve is up to something again. Over the past 10 days, they have injected approximately $38 billion in short-term liquidity into the market through repurchase operations. Yesterday’s $6.8 billion operation was even the first of its kind since 2020.

The market is excited. The crypto community’s interpretation is consistent: more money → cheaper borrowing → some might use this money to buy high-risk assets → we are about to take off! This wave of public opinion indeed gave a boost to the sluggish market.

But hold on, we need to think this through.

This is not what you call QE. Industry insiders are correcting a key point: this is just a technical operation by the Federal Reserve to ease year-end liquidity tightness. The money will be paid back in a few days, which does not mean a long-term policy change. Simply put, it’s "bridge financing," not "opening the floodgates." The Fed’s stance remains to maintain the current tightening policy.

So, what does this mean? Its impact on the crypto market is mainly psychological comfort and short-term liquidity support. It might help hold the market bottom, but don’t expect this to trigger a macro-level bull run. The real trend will depend on the Fed clearly signaling a rate cut.

This is the key difference: short-term "blood transfusion" versus long-term "hematopoiesis." The former is emergency relief; the latter is the way to survive. Many projects in the crypto space operate the same way—by continuously creating value and forming a stable ecosystem liquidity, they can sustain long-term growth. Don’t just focus on external short-term benefits; endogenous motivation is the real moat.

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zkNoob

· 6h ago

Is this another set? I thought it was QE, but it turned out to be bridge loans, which are being paid back after a few days. The crypto world is getting too optimistic too early. Honestly, without a real rate cut signal, it's all pointless. Don't be fooled by short-term liquidity. Intrinsic value is the way to go. It's a cliché, but it really hits the point. Wait, how long can this wave of market行情 last? The Federal Reserve's approach feels like it's always dangling a carrot. But the bottom support is real; it's better than a total collapse. Project teams need to seriously think about how to generate their own revenue; just waiting for external funding will eventually lead to failure.

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SerumDegen

· 6h ago

lmao everyone's inhaling copium again, $380B repo pump = bandaid on a liquidation cascade waiting to happen. that bridge loan's gonna expire and we'll be back to margin calls by new year's eve fr fr

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PumpingCroissant

· 6h ago

Here we go again with "The Boy Who Cried Wolf," every time they talk about takeoff but it still ends up crawling on the floor. --- Basically, it's about saving the urgent but not the poor. In our crypto circle, we're always brainwashed by these short-term good news. --- Talking about bridge loans sounds good, but the market just eats this up. Short-term dip-buyers are about to make another wave of profits. --- Internal motivation? Who cares about fundamentals these days? Everyone relies on hype and public opinion. --- 68 billion gets people hyped up—so easy to fool, haha. --- Waiting for interest rate cuts until the flowers wither, but we still have to find opportunities ourselves. --- This wave is just the prelude to cutting the leeks. I bet five bucks it will drop back next week.

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HappyMinerUncle

· 6h ago

It's the same old bridge loan trick again. The crypto circle is still dreaming of a breakout. That's right, short-term infusions of capital are ultimately not the solution. Intrinsic value is the real way to go; otherwise, it's no different from air coins. As soon as the Federal Reserve hints at easing, the market gets excited. This psychological resilience is just too fragile.

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LiquidationWatcher

· 6h ago

It's the same story again, every time they say it's going to take off but it just turns into psychological massage. Wake up, everyone. It's just bridge loans; the Federal Reserve hasn't really loosened its stance. Don't get excited about being cut. Short-term liquidity supports the bottom; if there's really a bull market, we need to see rate cut signals. These two things are not the same. That's right. Projects with real earning ability are the ones that last long; just hyping news and trends is useless. Spending 38 billion sounds scary, and it has to be repaid in a few days. Why use such a tactic? Wait, does this mean we shouldn't go all-in now? Stop. So, is the bottom supported? Then I need to observe a bit more before making a move.

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SighingCashier

· 6h ago

Here we go again, hyping liquidity... Do they really think 38 billion can save the market? Hardly turning bridge loans into QE, these crypto folks are really good at making up stories. Wait, has the Federal Reserve really not shifted its stance? I didn't even understand the white paper. Short-term infusions of liquidity are useless; it’s about intrinsic value, but who the hell cares? Chasing hot topics every day is less practical than studying the fundamentals of projects. This rebound was only a five-minute fad; don’t get caught up in the hype, brother. Exactly, without a bull market signal, they want to jump in; retail investors are still the ones taking the hit.

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