BZZZT! WRONG. The New York Fed announced a $7.6B repo operation and crypto Twitter had a field day. The thesis going around: the Fed injects liquidity, that liquidity flows into risk assets, $BTC wins. Repo operations aren't stimulus. The Fed lends cash overnight, collects it back the next morning with interest. The money supply doesn't budge. The $7.6B figure isn't even large by historical standards. What actually moves $BTC on the Fed front is whether they resume cutting rates in 2026. This repo op tells you nothing about that.
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