2026-01-06 08:31:36

The Federal Reserve continues to inject $8.165 billion into short-term government bonds tonight. This has become a routine operation in December, but don’t automatically associate bond purchases with the arrival of a bull market—there’s more to it.

Many people tend to confuse this with the quantitative easing cycle of 2020, but in reality, the nature is completely different. The Fed’s current operation is mainly about "pipeline clearing" for liquidity, ensuring that short-term interbank cash remains not tight, and preventing abnormal fluctuations in overnight rates. Simply put, it’s like adding lubricant to the gears of the financial system, rather than pouring gasoline into the engine.

For assets like Bitcoin and Ethereum, such technical maintenance is unlikely to generate sustained momentum. Recent market reactions also confirm this—when the news comes out, there’s short-term volatility, but it quickly settles back. Behind this are funds taking the opportunity to speculate, and genuine demand is not sufficient. Retail investors blindly chasing high prices are taking on significant risks.

To see the true direction of the market clearly, focus on a few core indicators: how US inflation and employment data are trending, whether the Fed’s stance on rate cuts is clear, and the net capital inflow into Bitcoin spot ETFs. These are the fundamental temperature gauges.

In terms of operations, rather than chasing every piece of news, it’s better to manage your positions well and stay patient. The current market is more likely to fluctuate repeatedly; real trend opportunities require substantial fundamental improvement to support them. Small technical moves cannot change the overall picture. Stay calm, wait for more certain signals before acting—that’s the prudent strategy.

BTC-2.12%

ETH-3.46%

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YieldWhisperer

· 01-09 06:35

lmao people really think 8.1B in repo ops is some bullish catalyst... actual math doesn't check out here

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UnluckyLemur

· 01-09 03:16

Here we go again, every time... I just want to check a message and end up trying to buy the dip, only to get cut to shreds. They're right, this is just adding lubricant, not draining water—there's a big difference. Honestly, retail investors love chasing these虚的 (illusory) things. I've been坑过 (scammed) too.

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WinterWarmthCat

· 01-08 19:30

Here we go again, always the same excuse. We all understand that lubricating oil isn't gasoline, but the real question is when will we actually see acceleration?

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Degentleman

· 01-06 09:01

Here we go again, those who talk about a bull market with over 8 billion people really should read some articles carefully.

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SerumSquirrel

· 01-06 09:00

Here we go again with this set of lubricants, I'm really annoyed. Listening to macro analysis every day, but I still have to rely on myself to dig for the main trend.

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JustHereForMemes

· 01-06 08:58

It's the same old story again. The key issue is that retail investors can't listen. As soon as they see liquidity injection, they go all in. No wonder they're being harvested.

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FalseProfitProphet

· 01-06 08:55

Here we go again with the same rhetoric. I'm tired of hearing that lubricants are not gasoline. Retail investors are still chasing highs, haha. --- 81 billion is really nothing. The key is to see how the inflation data turns out later; otherwise, this rebound will just be like this. --- I'm just surprised. Every time they say we should look at the fundamentals, but the crypto market still follows emotions. Net inflow into spot ETFs is the real boss. --- Position management sounds easy to talk about, but how many can really do it? Most are still thinking about getting rich overnight. --- Instead of waiting for a certainty signal, it's better to just look at market sentiment. Anyway, retail investors are all chasing, just follow along. --- This article is just advising you not to chase highs, but look at the chart, and you can't help but want to act, right? --- Liquidity easing ≠ positive news. After saying this logic for so long, are there still people who can't tell the difference? Wake up. --- In a volatile pattern, the most profitable are those who trade regardless of fundamentals. Everyone understands the principle, but they just can't make money.

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AllTalkLongTrader

· 01-06 08:50

Here we go again, every time the Fed loosens monetary policy, someone calls for a bull market. Truly incredible. --- Lubricant is not gasoline; many people just don't understand this. --- Chasing short-term volatility and buying high? Brother, you're just giving away money. --- I'm just watching these retail investors take the bait, laughing happily. --- Instead of obsessing over news every day, it's better to manage your positions well. Can you really make money just by listening to news? --- That's right, right now is a period of repeated fluctuations. Without substantial positive news, don't make reckless moves. --- Want to dump 8.165 billion? The Fed's recent actions look more like feeding fish to me. --- Inflation and employment are the key factors; just looking at the bond purchase quota is too superficial. --- Retail investors chasing highs and getting chopped up isn't a one-time thing. Wake up, everyone. --- Staying calm and observing is real; wait for a clear signal before acting. I agree with this logic.

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