#数字资产市场动态 $BTC $ETH $AT

The Federal Reserve's reverse repurchase suddenly surged by $20.3 billion. What does this signal?

Recently, a strange phenomenon has appeared in the market—the scale of the Federal Reserve's reverse repurchase operations surged by $20.3 billion in a single day. In simple terms, the money held by financial institutions has suddenly increased, but they can't find good places to put it.

Think about it, logically, with more money, it should go into lending, investing, and driving economic growth. But now? Banks would rather keep the money in their Federal Reserve accounts earning a tiny bit of interest. Companies are also inactive, with low investment willingness. This "stuck" large sum of money is like falling into an invisible bottomless black hole, and no one can tell the true reason behind it.

This abnormality is somewhat alarming. It could indicate that institutions are collectively hedging against risks; or it could mean the market is gathering strength—this calm before the storm. But the most concerning question is—if money isn't flowing, how can the economy heat up? How long can this "cold liquidity" state last?

For the crypto market, this signal is especially important. Unusual macro fluctuations often precede changes in market prices. Everyone should pay more attention to the Federal Reserve's subsequent policies and the liquidity changes in the banking system, as these details might hide clues for the next wave of market movements.