An interesting viewpoint has been circulating in the community. A well-known trader recently wrote an article pointing out that the Fed's RMP policy (Reserve Management Purchase) is essentially a new version of QE, just under a different name. What does this mean? Liquidity will need to be re-injected, and the long-term depreciation pressure on fiat currencies will follow, with the crypto market, especially Bitcoin, being the most direct beneficiary.

He has a prediction for the subsequent market trend: in the short term, BTC may fluctuate within the $80,000 to $100,000 range, which is a relatively rational expectation. But the real turning point will be when the entire market broadly recognizes that "RMP equals liquidity injection." As this perception diminishes the gap, market pricing will adjust accordingly. By then, the market may show new developments.

This logical chain actually points to a question: How much influence does macro liquidity change have on the valuation of digital assets? If you believe that the long-term trend of fiat depreciation will continue, then Bitcoin's appeal as a scarce asset remains evident.