美國美聯儲一直在減少其資產負債表

美國美聯儲一直在減少其資產負債表，這引發了關於這對比特幣（BTC）和更廣泛的金融市場可能意味著什麼的討論。

The United States Federal Reserve has been reducing its balance sheet, which has sparked discussions about what this could mean for Bitcoin (BTC) and the broader financial market. Recent data shows a noticeable drop in the Fed’s holdings, raising concerns about liquidity, investor confidence, and what to expect next as interest rates were kept steady.

美國美聯儲一直在減少其資產負債表，這引發了關於這對比特幣（BTC）和更廣泛的金融市場可能意味著什麼的討論。最近的數據表明，由於利率保持穩定，對美聯儲的持股量顯著下降，引起了人們對流動性，投資者信心以及下一步期望的關注。

Massive Shift In Federal Reserve Balance Sheet

美聯儲資產負債表的大規模轉變

According to a recent post by The Kobeissi Letter on X, the Federal Reserve’s balance sheet has declined by $17 billion over the past 30 days. It now stands at $6.7 trillion, the lowest since April 2020. This marks a total reduction of $2.3 trillion since the Fed began tightening in April 2022.

根據Kobeissi信在X上的一篇文章，在過去的30天中，美聯儲的資產負債表下降了170億美元。現在，它的價格為6.7萬億美元，是自2020年4月以來最低的。這標誌著以來美聯儲於2022年4月開始收緊以來，總減少了2.3萬億美元。

This reduction represents about 48% of the $4.8 trillion in assets the Federal Reserve bought during its post-COVID response. Presently, the Fed holds $4.2 trillion in U.S. Treasuries and $2.2 trillion in mortgage-backed securities.

這種減少量約占美聯儲在浮動後回應期間購買的4.8萬億美元資產中的48％。目前，美聯儲擁有4.2萬億美元的美國國債和2.2萬億美元的抵押支持證券。

In March, the central bank announced a slowdown in its monthly Quantitative Tightening (QT) pace. This may even get worse as it looks for alternative avenues to sustain the economy, seeing it kept interest rates unchanged this week. Notably, the bank reduced it from $60 billion to $40 billion, signaling a more cautious approach going forward.

3月，中央銀行宣布每月定量收緊（QT）速度放緩。這甚至可能會變得更糟，因為它正在尋找替代途徑來維持經濟，因此本週將利率保持不變。值得注意的是，該銀行將其從600億美元減少到400億美元，這表明正在進行一種更加謹慎的方法。

While these figures may appear technical, the more significant implication is an apparent influx of liquidity into the mainstream market. The Fed is adding money to the system, which can inflate the Dollars in circulation and hence, their value. This often leads investors to seek other stores of value, such as Bitcoin.

儘管這些數字可能看起來很技術性，但更重要的含義是顯然流動性進入主流市場。美聯儲正在為系統增加資金，這可能會使流通的美元膨脹，從而使其價值膨脹。這通常會導致投資者尋求其他價值存儲，例如比特幣。

suggest that BTC is heating up as a viable investment among a new generation of investors, especially given the potential for a new bull market in 2024.

表明，BTC正在作為新一代投資者中的可行投資，尤其是考慮到2024年新牛市的潛力。

After the May 7 FOMC meeting, the Fed resumed bond purchases as Chair Jerome Powell confirmed that interest rates would remain steady at 4.25%–4.5%.

5月7日FOMC會議後，美聯儲恢復了債券購買，因為杰羅姆·鮑威爾（Jerome Powell）的主席確認，利率將保持穩定在4.25％–4.5％。

Since the meeting, altcoins have shown strength, but analysts expect Bitcoin dominance to keep soaring. The decision, which aligned with market expectations, slightly boosted both Bitcoin and altcoin prices.

自從會議以來，AltCoins已經表現出強度，但是分析師期望比特幣優勢保持飆升。該決定與市場預期保持一致，略微提高了比特幣和替代幣的價格。

However, every risk asset stands to benefit if the Federal Reserve’s model of injecting liquidity into the market remain unchecked.

但是，如果美聯儲將流動性向市場注入流動性的模型仍然不受限制，則每項風險資產都將受益。