The Federal Reserve just injected $13.5 billion into the U.S. banking system through overnight repo operations


the 2nd-largest liquidity injection since COVID, and even bigger than the peak during the Dot-Com Bubble.

Why this matters:
• Banks are tightening up on liquidity
• The Fed is stepping in to prevent cracks from widening
• More liquidity often spills into risk assets like crypto

When the Fed turns the money tap back on… markets eventually react.
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