Analysis: The Fed's "Stealth QE" will provide support to the crypto market, and the policy environment may be more dovish than anticipated

BlockBeats News, December 13th, Coinbase Institutional posted on social media this week stating that the Fed's announcement of a 25 basis point rate cut met market expectations, but its plan to implement Treasury reserve management purchases within the next 30 days can be seen as a positive signal. Here are the specific details of the plan:

· Initial operation size of $40 billion

· Start date is December 12th

This liquidity injection came earlier than expected, and reserve growth may continue until April 2026. We believe the Fed's shift from balance sheet reduction to net injection can be seen as "mild quantitative easing" or "stealth QE," which may provide support to the cryptocurrency market. Considering the reserve management purchase plan and the Federal Funds futures market expecting two more rate cuts (a total of 50 basis points) by 2026, the policy environment may be more accommodative than anticipated.