Ignoring the $1.6 billion figure itself, the real highlight of this event lies in the "turning signal." The Federal Reserve shifting from persistent quantitative tightening to intermittent neutral operations represents a change in stance that is far more significant than a single capital injection.

Over the past two years, quantitative tightening policies have been like an unstoppable straw continuously siphoning liquidity from global markets. The sluggish crypto market actually has this macro background behind it. Assets like Bitcoin and Ethereum are inherently highly sensitive to global liquidity. As the environment continues to tighten, valuations of risk assets are pushed down repeatedly, making it impossible for the crypto market to remain unaffected.

Now that quantitative tightening has stopped, it means the most tense phase of global liquidity has passed. From continuous withdrawal to occasional injections, although not fully relaxed yet, the pressure of ongoing liquidity contraction has indeed eased. For the crypto market, this is like a change in wind direction — no longer a tailwind pushing you forward, but a headwind finally easing. A ship breaking free from headwind resistance lays a foundation for the journey ahead. Therefore, for long-term investors, the significance of this signal far exceeds the short-term ripple effects that a $1.6 billion move might trigger.