#比特币与代币化黄金对比 $BTC $ZEC $LPT The Federal Reserve has made another big move—an emergency overnight injection of $2.5 billion, bringing the total capital infusion since the beginning of the year to over $120 billion.

Simply put, this is not just routine operation. There are two layers of logic behind it: in the short term, it is to support liquidity in the financial system and prevent a funding crunch; in the long term, some believe this is paving the way for more aggressive easing policies in 2026. If this expectation materializes, risk assets—including stocks, bonds, and even cryptocurrencies—will be supported by policy "protection."

The current stance of the Trump administration is very clear: maintain market enthusiasm and ensure ample funds. How does this combination usually work? Rate cuts + liquidity injections often temporarily boost market sentiment and asset valuations. History has long validated this logic.

But investors should pay attention to a few key points:

**Will liquidity continuously flow into risk assets?** If yes, valuations still have room to rise; **Will fluctuations in policy expectations amplify market volatility?** This determines how large your risk exposure is.

Short-term capital inflows do not necessarily mean long-term peace of mind. But before this wave of liquidity truly unfolds, smart money has already been betting in the shadows.

What’s your view—which sector will these capital infusions ultimately flow into?