Prince, does it mean that the process in 26 years is the same as in 21 years?

The Federal Reserve has ended QT, and previously, Fed officials sent strong signals that the expansion of the balance sheet is not far off. Some institutions predict that the Federal Reserve may announce the active management of reserve purchases (RMP) at the interest rate meeting as early as next week, with monthly purchases of short-term U.S. Treasuries of about $20 billion. The key point is that the Federal Reserve has already taken this action; the funding injected by the Fed in early December is the largest scale of liquidity injection since the pandemic in 2020, and once it starts, it will not stop. It's just like lowering or raising interest rates.

Since October 11, the market has been like being pressed down and rubbed into the ground; for twenty-nine days in a month, there has been fear and extreme fear, a span that is rare in history. Many people think fear is a bad thing, but looking at it from the other side, what does long-term fear mean? It means the main force is grinding retail investors' emotions to the thinnest point, to the point where they doubt their lives, to the point where they don't even dare to believe in a rebound. Fear is not the end; it is the accelerated redistribution of chips. This time, the plunge is obviously more panic-inducing than the previous two Bitcoin corrections of 30%, with a longer washout period, more extended fear, and an even stronger explosion to come.