This week’s focus may be more than just rate cuts.

Most people in the market are still discussing whether the Fed will cut rates, but what’s truly worth watching may be another, more direct move—restarting the Treasury bond purchase program. In other words, the central bank may not only adjust interest rates, but also prepare to directly “add liquidity” to the market.

What does this mean for crypto assets? The answer is straightforward: liquidity is the oxygen for risk assets. If the Fed really spends tens of billions of dollars each month buying Treasuries, it’s equivalent to the financial system receiving an extra injection of funds. These funds won’t just sit quietly in the Treasury market—they’ll seek higher returns elsewhere: the stock market, cryptocurrencies, gold...all high-risk sectors could get a share.

But there are a few variables to consider:

**Has the expectation already been priced in?** The market has been performing strongly lately, likely already reflecting this anticipation in advance. If the announcement actually comes, we might see a “sell the news” style short-term pullback.

**Details make the difference:** Is it $15 billion a month or $45 billion? Does it start in January or later? These specifics are more critical than the mere fact of action, and will directly impact subsequent market trends.

Some practical thoughts:

**Don’t chase the news before it’s out:** When everyone is eyeing the same bullish catalyst, it’s often the riskiest time. History shows that in the 48 hours after bullish news is realized, price volatility can be extreme.

**Watch the real market reaction after the decision:** More important than press releases is observing how the US stock market opens and how BTC actually trades. Will it keep breaking out, or surge then pull back? The real attitude of capital will be reflected in the price action.

**Phased positioning is wiser than going all in:** At the start of a macro policy shift, the market’s path is rarely smooth. Building positions in stages can help you better handle volatility and gives you room to adjust.

From a longer-term perspective, monetary policy shifting from tightening to easing is indeed a systemic positive. But in the short term, patience and flexibility are more valuable than aggression. The market never lacks opportunities—it lacks the ability to survive until the next cycle.