#交易流动性

All major crypto bull markets have one thing in common: they coincide with a massive injection of liquidity into the global economy. These liquidity surges are not random events, but are initiated by central banks and fiscal authorities, pulling one or more of the following macro levers:

Interest Rate Cuts – Reducing borrowing costs to encourage debt-driven growth

Quantitative Easing (QE) – Central banks purchasing government bonds to inject cash into the system

Forward Guidance (commitment to not raise interest rates) – Influencing market sentiment by releasing expectations of low future interest rates

Lowering Reserve Requirements – Increasing the funds available for banks to lend

Relaxation of Capital Regulations – Reducing the limits on risk-taking by institutions

Loan Tolerance Policies – Maintaining credit flow even in the presence of defaults

Bank Bailouts or Backstops – Preventing systemic collapse and restoring confidence

Massive Fiscal Spending – The government directly injecting funds into the real economy

Releasing Funds from the U.S. Treasury General Account (TGA) – Injecting cash from Treasury accounts into the market

Overseas QE and Global Liquidity – Actions by other central banks influencing the crypto market through capital flows