Bitcoin just ripped 11% after the Fed quietly restarted a $38 billion money printer mechanism

Bitcoin (BTC) jumped 11% from its December 1 lows, reaching over $93,000, driven by a combination of monetary policy shifts and market structure developments. The Federal Reserve formally ended quantitative tightening (QT) on December 1, coinciding with the New York Fed injecting approximately $38.5 billion through repo operations, effectively restarting a liquidity mechanism that eased funding stress. This, coupled with weak US manufacturing data, increased expectations for a rate cut at the upcoming FOMC meeting, favoring risk assets like Bitcoin. Furthermore, structural tailwinds emerged as Vanguard began allowing access to third-party crypto ETFs and mutual funds on its platform, leading to significant trading volume and positive spot ETF flows after weeks of outflows. While the rally reflects macro relief and structural support, the article suggests it may not signal a reversal of the broader downtrend, as Bitcoin remains significantly below its October peak.

(Source：CryptoSlate)