As 2025 came to a close, subtle changes in Federal Reserve activity started to catch the attention of traders watching both macro markets and crypto. Unusual moves in short-term funding and a series of quiet policy adjustments suggested that liquidity pressures might be easing. For some observers, that raised the possibility that Bitcoin could start moving higher before traditional markets show clearer signs of recovery in 2026.
On December 31, 2025, banks drew a record $74.6 billion from the Federal Reserve’s Standing Repo Facility. That spike pointed to stress in short-term funding markets