The Federal Reserve has moved again. Through overnight repurchase operations, it injected $2.5 billion into the U.S. banking system. What does this mean for the crypto market? Expectations of easing in traditional finance often boost risk appetite for risky assets. #美联储回购协议计划 $BTC $ETH Recent trends, to some extent, are also digesting these policy changes. When the banking system has ample liquidity, it indicates a relatively loose funding environment, and the borrowing costs for market participants may decrease accordingly. Historically, when the Federal Reserve increases liquidity injections, it is often accompanied by increased activity in trading markets. It is worth observing whether the subsequent liquidity rhythm will continue and how the crypto market will respond to such signals from traditional finance.