#美联储重启降息步伐 $BTC $ETH

The U.S. Treasury has suddenly taken action, and it’s a major move—a $12.5 billion Treasury bond buyback, which is quite rare in history at this scale.

Why choose this particular moment? Traders are all speculating. Some say it’s for liquidity management, others think it’s laying the groundwork for some kind of policy shift. But regardless, this kind of operation is itself unusual, and the timing is so delicate that of course the market is going to overthink it.

What’s even more crucial is that tonight, at 4:30 p.m. Eastern Time, the Federal Reserve will release its latest balance sheet data. This number could be more important to the crypto market than any other news:

If the data exceeds $6.6 trillion? Then the expectation of tightening liquidity could directly crush risk assets, and $BTC as well as other coins could face a wave of selling pressure.

If it’s between $6.5 and $6.6 trillion? Then it’s more grinding and volatility, with the direction still unclear.

But if it falls below $6.5 trillion? That’s the real danger signal—it would mean the Fed’s balance sheet reduction is far more aggressive than the market expects, and there could be systemic liquidity stress.

Now, global investors are all watching this number closely. Isn’t it a coincidence—the Treasury just finished a large-scale buyback, and the Fed is about to release key data. Are these two events happening together really just a matter of timing?

Some people are starting to think there may be bigger policy coordination going on behind the scenes. Especially considering all the recent rumors about a monetary policy shift, this kind of speculation isn’t entirely unfounded.

In any case, before this data comes out tonight, the market is likely to remain highly cautious. For those holding crypto assets, the next few hours could be tough. After all, some turning points happen quietly on nights that seem calm.