There's a recent piece of news that's worth pondering: the Fed has ended its balance sheet reduction process, and market rumors suggest that it might start expanding its balance sheet next, with over $400 billion in liquidity expected to be injected into the market each year. What does this mean for crypto assets?

Simply put, when there's more money, that capital needs somewhere to go. When dollar liquidity is abundant, a portion often spills over into risk assets—Bitcoin and Ethereum are naturally on the candidate list. Looking back at history, every time an easing cycle begins, the crypto market never lacks stories of new capital flowing in. Will it happen again this time? At the very least, the probability isn't low.

So how should regular investors respond? Here are a few personal thoughts:

First, hold onto major coins. Short-term fluctuations are normal, and don't panic over minor pullbacks. Patience is often more important than frequent trading.

Second, entering the market in stages is more prudent. Don't go all in just because of positive news—market sentiment takes time to play out, so leave yourself some room.

Third, keep an eye on the macro picture. The Fed's policy shifts rarely happen overnight, but once the trend is established, the impact is long-term.

My take? If the Fed really starts buying bonds next year, market sentiment might heat up in advance. That said, the worst thing in investing is chasing the top. Stay calm—opportunities always favor those who are prepared. This round of liquidity signals is definitely worth paying attention to.