UBS's latest research report makes a major prediction: the Federal Reserve may start buying about $40 billion in Treasury securities every month starting in early 2026.

What does this mean? Simply put, it means the central bank's money-printing machine is about to restart. Once a large amount of new liquidity is released into the market, both traditional finance and the crypto market could see an improvement in capital flows. Historical experience tells us that every time the Fed expands its balance sheet, risk assets tend to have a favorable performance window.

Of course, there's still some time before 2026, but this expectation alone is enough for the market to price in advance. For the crypto market, loose liquidity has always been a positive signal, so it’s worth keeping a close eye on subsequent policy developments.