The Fed injected more than $10 billion into the market, equivalent to 87% of the market value of Bitcoin after loss adjustment.

According to the Wall Street Journal, the Federal Reserve Bank of New York on the United States injected $104.15 billion in temporary liquidity into the financial market on Thursday (October 17). The intervention is divided into two parts. One of them was operated through a term repurchase agreement, which lasted 15 days with an injection amount of $30.65 billion; the other was through a one-day repurchase operation totaling $73.5 billion.
In response, Tuant Demeester, founding partner of Adamant Capital, commented that the Fed’s only quantitative easing injection amounted to $104 billion, which is equivalent to 87% of the market value of Bitcoin after loss adjustment.