#美联储会议纪要将公布 Fed liquidity and sentiment data set the tone for Crypto Assets

Later this week, the Fed will release its regular balance sheet report (H.4.1) on Thursday afternoon, which will update the scale of liquidity provided by the central bank through its securities holdings and loan facilities. This week's briefing tracks the total assets and reserve balances of the banking system and is widely seen as an indicator of US dollar liquidity conditions. Changes in the Fed's asset holdings and the use of its tools can affect financing markets and may indirectly impact the trading conditions of stocks, bonds, and crypto assets.

The possibility of a Fed rate cut has decreased, putting pressure on Bitcoin. Now, Bitcoin is under pressure as traders have lowered their expectations for a Fed rate cut in December, creating new pressure on the Fed.
The chart shared by analyst Crypto Rover shows that since the peak in early October, the likelihood of the Fed cutting interest rates at its final meeting of the year has decreased by about 44 percentage points. Meanwhile, the Fed has indicated that it will maintain high borrowing costs until inflation shows significant signs of slowing.
As expectations for interest rate cuts fade, U.S. Treasury yields and the dollar remain strong, financial conditions are tightening, and demand for risk assets is decreasing. The price of Bitcoin has also fallen from its October peak; charts show that as market expectations for loosening policies gradually diminish, Bitcoin prices continued to decline in November. Market participants now believe that the main reason for Bitcoin's weakness is the notion of "staying high for a longer time" rather than news about the token itself.
Traders say that if the possibility of a rate cut rises again in December or early 2026, it may alleviate some pressure; while a further decline in the likelihood of a rate cut could cause this largest crypto asset to continue hovering near recent lows.