The Fed's recent "constipation-style liquidity injection" and "muscular-style draining" operations are simply mind-boggling, a clear "liquidity scam" that reshapes the underlying logic of finance.

The government shutdown is causing debt to soar, interbank liquidity to turn into a "desert," and although the Federal Reserve has launched the BTFP "support" to stabilize the financial market, it is also using reverse repos to "drain" excess liquidity to prevent flooding. As a result, the funds flow entirely into the S&P 500 and gold, leaving the real economy parched.
Cryptocurrency markets are also experiencing a "sickbed market," with the fear and greed index at extreme fear, but on-chain stablecoin reserves are overflowing, and Bitcoin is hovering around key resistance levels. The market is waiting for the Fed to reveal its hand, with a "Schrödinger's" Christmas rally forecast—either a gentle or aggressive scenario.
For ordinary investors, a light short-term position for the holidays, keeping an eye on the 89,000 Bitcoin level; mid-term focus on stablecoin movements and SEC new officials' measures; long-term, QE4 will eventually be implemented, which is the ultimate positive for Bitcoin. $SOL $BNB $XRP
History is astonishingly similar—today, the underlying logic of finance is collapsing, deepening the divide between traditional and crypto assets. This Christmas, think clearly about your asset positioning, re-divide the ocean—are you surfing or just watching the waves? Like and share, let's dig for profits together!