Core Insights - The Federal Reserve has injected approximately $37 billion into the US banking system since last Friday, marking the largest single-day liquidity boost since the dot-com era [3][5] - Despite this significant liquidity injection, investor sentiment in cryptocurrency markets has sharply declined, with the Crypto Fear and Greed Index dropping to 21, indicating "Extreme Fear" [7] - Major cryptocurrencies have experienced notable price declines, with Bitcoin (BTC) down nearly 5% and Ethereum (ETH) down almost 9% in November [7] Group 1: Federal Reserve Actions - The Federal Reserve conducted an additional $7.75 billion in repo operations on November 3, following a $29.4 billion addition to the banking system [2] - The liquidity injections included $14.25 billion through repo operations backed by mortgage-backed securities [5] - Over $75 billion in reverse repos have been conducted by the Fed since last Friday, including nearly $24 billion on November 3 [8] Group 2: Market Sentiment and Performance - Investor sentiment in the cryptocurrency market has plunged to extreme fear levels, with a total market capitalization decline of 6.11% this month [1] - Analysts suggest that the current market conditions may not reflect the potential benefits of increased liquidity, as sentiment remains negative despite the influx of capital [6] - The macroeconomic setup is viewed as favorable for a potential rally in altcoins once liquidity returns, despite the current bearish sentiment [6]