美国美联储一直在减少其资产负债表

美国美联储一直在减少其资产负债表，这引发了关于这对比特币（BTC）和更广泛的金融市场可能意味着什么的讨论。

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.

美国美联储一直在减少其资产负债表，这引发了关于这对比特币（BTC）和更广泛的金融市场可能意味着什么的讨论。最近的数据表明，由于利率保持稳定，对美联储的持股量显着下降，引起了人们对流动性，投资者信心以及下一步期望的关注。

Massive Shift In Federal Reserve Balance Sheet

美联储资产负债表的大规模转变

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.

根据Kobeissi信在X上的一篇文章，在过去的30天中，美联储的资产负债表下降了170亿美元。现在，它的价格为6.7万亿美元，是自2020年4月以来最低的。这标志着以来美联储于2022年4月开始收紧以来，总减少了2.3万亿美元。

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.

这种减少量约占美联储在浮动后回应期间购买的4.8万亿美元资产中的48％。目前，美联储拥有4.2万亿美元的美国国债和2.2万亿美元的抵押支持证券。

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，中央银行宣布每月定量收紧（QT）速度放缓。这甚至可能会变得更糟，因为它正在寻找替代途径来维持经济，因此本周将利率保持不变。值得注意的是，该银行将其从600亿美元减少到400亿美元，这表明正在进行一种更加谨慎的方法。

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.

尽管这些数字可能看起来很技术性，但更重要的含义是显然流动性进入主流市场。美联储正在为系统增加资金，这可能会使流通的美元膨胀，从而使其价值膨胀。这通常会导致投资者寻求其他价值存储，例如比特币。

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正在作为新一代投资者中的可行投资，尤其是考虑到2024年新牛市的潜力。

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会议后，美联储恢复了债券购买，因为主席杰罗姆·鲍威尔（Jerome Powell）确认，利率将保持稳定在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.

自从会议以来，AltCoins已经表现出强度，但是分析师期望比特币优势保持飙升。该决定与市场预期保持一致，略微提高了比特币和替代币的价格。

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

但是，如果美联储将流动性向市场注入流动性的模型仍然不受限制，则每项风险资产都将受益。