Crazy! Last night the financial circle was awakened by two pieces of news: Goldman Sachs and the Federal Reserve, both 'doing big things'!

Let's talk about the story

First, it went viral online that Goldman Sachs disclosed in its 13F filing that it bought $1.7 billion in Bitcoin ETF! Although the actual number may not be that exaggerated (the real holding is in the tens of millions of dollars), the signal is strong enough — the smartest folks on Wall Street have already taken their seats at the table through compliance channels.

$BTC #Discussion on BTC Strategic Reserves in the US

Next, the Federal Reserve was reported to have injected $105 billion in liquidity into the market overnight, claiming it was the 'largest operation since the pandemic'! Hold on, this is actually a routine short-term adjustment, not a flood of money. But when these two pieces of news collide, the flavor changes:

$ETH #Crypto Market Observation

1. The institutional gate is open: Goldman Sachs' name appearing in Bitcoin holdings is equivalent to giving all traditional large funds a 'pass'.

2. Liquidity expectations are changing: the Federal Reserve is both withdrawing and supplementing liquidity, this kind of tight operation makes the market more sensitive.

3. The rules of the game have changed: Bitcoin has transformed from 'a casino for retail investors' into 'a battlefield for institutions'.