At 9 AM Eastern Time tomorrow, the Fed will release $6.8 billion to the market. The amount may not seem large, but its main role is to smooth out fluctuations in the short-term financing market.

But this matter becomes interesting at this point in time—QT has ended, and the Fed is still continuously injecting liquidity. What does this indicate? It actually shows just one attitude: the smooth operation of the financial system must be maintained, and it cannot be clogged.

Why does this matter to the crypto world? The historical data is clear—every time the Fed loosens liquidity, tech stocks and crypto assets rise. This is not a coincidence.

In simple terms, Bitcoin thrives on liquidity. When liquidity is abundant, the valuation center of risk assets rises; conversely, it sinks. From this perspective, in the coming months, such policy signals will only increase.