Topic 4 of "Trump Economics" - A new round of liquidity injection into the cryptocurrency market, the following points should be noted: one ⃣ The market manifestation of TGA account liquidity injection in the first half of 2025 began this week. Although the CPI/PPI data on February 12th and 13th did not cause significant fluctuations in the market, the real positive news that drove the market came in early February, when the US Treasury Department released liquidity and injected momentum into risky assets through actual operations. It is expected that the liquidity scale injected by TGA will reach $150 billion to $250 billion by 2025 (@ Goldman Sachs), and some institutions estimate that the total scale will reach $600 billion. Note: TGA does not specify when it will be activated. According to the chart, TGA activated around February 12th releases liquidity. two ⃣ In February 2025, the cash holdings of global fund managers fell to a low point of 3.5% (@ BankoA), reflecting an increase in investors' risk appetite - they are more inclined towards stocks rather than cash and bonds. The rise in risk appetite coincides with the timing of the current TGA liquidity release. In other words, this round of short-term liquidity injection is expected to flow mostly into the risk asset market, including cryptocurrency assets. three ⃣ Unlike the Federal Reserve's quantitative easing (QE), TGA's liquidity release is a one-time short-term operation. By reducing the supply of treasury bond and using the funds in the TGA account, the government quickly injected market liquidity. Although this injection can drive the rise of risk assets in the short term, once liquidity is recovered, it may bring about a tightening effect in the market. 📖 🔗： https://link. (medium.com)/INHiowUAaRb FederalGovernment CRYPTO