The water has really been put away, and the speed is even faster than we imagined! Many people are still eagerly waiting for the "confirmation signal," but the Fed has already taken action!

First, let's look at the facts. This week, the Fed injected 10 to 20 billion USD into the treasury market, and by the end of 2025, the cumulative scale of injections could reach about 500 billion USD. This is not just talk; it is real capital inflow.

What does this move mean? If high interest rates can still be sustained, there is no need to support the Treasury market at all. The fact that action is being taken now indicates that the tightening policy is nearing its limit, and the direction is about to turn around.

What happens when there is too much money? History has already provided the answer: cash returns decrease, people's risk appetite increases, and funds will actively seek outlets. In every round of liquidity return, the assets that are most sensitive to funds benefit first.

The real question now is, after this 500 billion enters the market, will it stay in government bonds? Or will it flow to places with higher flexibility, like the crypto market? What do you think about where this round of liquidity will flow first? Let's discuss in the comments. Musen will keep an eye on on-chain dynamics, sharing the entry times and news in the village every day, so we can steadily seize the opportunities together!