An exchange: The Federal Reserve's "stealth QE" will support the crypto market, and the policy environment may be more accommodative than expected.

ChainCatcher news, a certain exchange posted on social media stating that the Federal Reserve's announcement of a 25 basis point rate cut this week was in line with market expectations, but its plan to implement Treasury reserve management purchases within the next 30 days can at least be seen as a positive signal.

The specific arrangements for this plan are as follows: · Initial operation size of $4 billion · Launch date is December 12. This liquidity injection comes earlier than expected, and reserve growth may continue until April 2026. We believe that the Federal Reserve's shift from balance sheet reduction to net injection can be regarded as "mild quantitative easing" or "stealth QE," which may provide support for the cryptocurrency market. Considering the reserve management purchase plan and the federal funds futures market's expectation of two more rate cuts (a total of 50 basis points) in the first nine months before 2026, the policy environment may be more accommodative than expected.