According to @cryptorover, the Federal Reserve injected $13.5B into the banking system via overnight repos, the second-largest liquidity boost since COVID and above the dot-com peak (source: Crypto Rover on X, Dec 2, 2025). For traders, repo operations add bank reserves and system liquidity, a mechanism detailed by the New York Fed’s Standing Repo Facility documentation and historically supportive for risk assets including BTC and ETH when sustained (sources: Federal Reserve Bank of New York SRF overview; Coin Metrics research on Bitcoin and global liquidity). Watch DXY and front-end yields for confirmation of easing conditions that can spill over to crypto beta and altcoin liquidity (sources: Federal Reserve Board H.4.1 and NY Fed market operations data; U.S. Treasury yield data).