#美联储联邦公开市场委员会决议 Recently, there’s an event that many people have overlooked—the Federal Reserve has paused its balance sheet reduction, and this move actually has a huge impact on the crypto world.

First, let’s explain what balance sheet reduction means. Simply put, it’s the Fed gradually reducing the amount of U.S. dollars in the market to tighten liquidity. But now, this operation has suddenly stopped. When it halts, it means liquidity will gradually tighten, and borrowing costs may start to spike unstably—similar to the slippage explosion when liquidity pools in DeFi are running low.

The real turning point is this: stopping the balance sheet reduction is not the end. It’s highly likely that the Fed will initiate an expansion cycle, continuously purchasing $35 billion to $45 billion worth of government bonds each month. According to market expectations, this operation might start around January next year. In other words, it’s opening a huge liquidity faucet, continuously injecting water into the financial markets.

What does this mean for the crypto market? Just look at the current market conditions. Bitcoin has regained the $90,000 level, and various crypto-related assets are also showing signs of movement. Institutions and smart money have already placed their bets behind the scenes, voting with their actions.

But here’s a key point—the flood of money is always a double-edged sword. When there’s more money, the first to benefit are globally recognized digital assets like Bitcoin. Traditional stocks and emerging markets will also rise with the water level. The problem is, the more capital injected, the bigger the bubble that could eventually burst, and the more intense the asset harvesting becomes. Instead of worrying about how to swim in the flood, it’s better to think about how to keep your boat steady before the water starts rising.

Those who truly understand the market don’t focus on news headlines about interest rate hikes or cuts; their eyes are on changes in the Federal Reserve’s balance sheet and the underlying capital flows. The game of wealth transfer can never be fully captured by news—it’s hidden in those invisible capital movements. $BTC $ETH