"The money shortage is over, brothers, the Federal Reserve's 'piggy bank' is empty!"
"Delphi Digital dropped a bombshell today: the balance of the Federal Reserve's reverse repurchase agreements (RRP) has plummeted from a peak of $2.3 trillion to nearly zero. What does this mean?"
"Over the past three years, those banks and money market funds on Wall Street stuffed all the excess cash into the Federal Reserve's 'super savings account', allowing the Fed to conduct QT while still issuing debt without draining bank reserves."
"Now that the jar is empty, if they issue more debt and withdraw funds, bank reserves will truly start to decline. The bloody lessons from the September 2019 repo market explosion are still fresh; would the Fed dare to let reserves continue to drop? Hell no! Powell’s political life is more precious than anyone’s. The writing is on the wall: either stop QT immediately or directly restart the money printing machine to expand the balance sheet."
"Don’t be fooled by their tough talk; their actions speak the truth. Historical experience tells us the Fed always chooses 'printing'. The more thrilling part is yet to come: QT is highly likely to end prematurely, and the Treasury's TGA (General Fund Account) will also see a significant shrinkage, with both drainage outlets closing simultaneously."
"Let’s do the math: since March 2022, the Fed and the Treasury have jointly withdrawn nearly $2 trillion of liquidity from the market. This is the sharpest sword of Damocles hanging over the crypto market in the past three years. Now this sword is rusting, breaking, and falling."
"For the first time since early 2022, marginal liquidity has seen a net injection; this is not a 'small turnaround', this is a damn trend reversal! Over the past three years, everyone shouting 'the bull market is here' has been ruthlessly harvested by the systemic liquidity guillotine; now the guillotine has shut down itself. Shorts, clean your necks."
"Longs, bring out your leverage and let it see the sun. The Fed has once again surrendered to the market, but this time, they didn’t even bother to say 'we have not surrendered.' @加密黄哥 $SOL will soon see $300 Sol; buy now, be patient, hold.
