According to @CryptoMichNL, the Federal Reserve is restarting Treasury and bill purchases to stimulate the economy, signaling renewed liquidity support (source: @CryptoMichNL on X, Dec 10, 2025). He states this should push interest rates lower and weaken the US Dollar Index (DXY), favoring a risk-on rotation (source: @CryptoMichNL on X, Dec 10, 2025). He expects this macro backdrop to drive BTC and ETH to new all-time highs, indicating potential upside momentum for crypto markets (source: @CryptoMichNL on X, Dec 10, 2025).

According to @KobeissiLetter, Fed Chair Powell said US Treasury purchases may remain elevated for a few months and the Fed will buy 40 billion dollars over the next 30 days, only 12 days after quantitative tightening ended. Source: The Kobeissi Letter on X. At that rate, the schedule implies roughly 1.3 billion dollars per day of Treasury demand in the next month, temporarily reducing net supply. Sources: The Kobeissi Letter on X for amounts and timing; Federal Reserve Bank of New York, Domestic Open Market Operations, for the mechanism that Fed purchases add bank reserves. Crypto traders monitor Fed purchase flow and reserve changes as liquidity inputs that can influence BTC and ETH risk conditions and volatility. Sources: Federal Reserve Bank of New York, Domestic Open Market Operations; Bank for International Settlements 2022 research on global liquidity and crypto markets.