The New York Fed received the full $5.667 billion in reverse repo submissions on January 2nd, accepting all of it through the facility. This indicates sustained demand for short-term funding solutions in the money market.

When repo operations hit their ceiling like this—100% acceptance rate—it reflects ongoing liquidity preferences among financial institutions. They're parking cash with the Fed rather than seeking alternative funding channels. For crypto traders watching macro conditions, these Fed facilities matter because they shape broader market liquidity flows and interest rate benchmarks.

The consistency of near-full takeups on reverse repo suggests financial institutions remain comfortable with current yield environments and aren't scrambling for alternative venues. That typically correlates with stable conditions in traditional finance—something that usually supports risk appetite across markets, including digital assets.