U.S. stock indexes warmed up at the opening, with the Nasdaq rising 1.3% during the day on Friday, the S&P 500 gaining 0.9%, and the Dow Jones increasing by 0.56%.

A key factor in determining whether the Federal Reserve will continue to reduce its balance sheet is that reserves in the U.S. banking system have fallen below $3 trillion to $2.89 trillion. Wall Street strategists believe the Fed's minimum comfortable reserve level is between $3 trillion and $3.25 trillion. A New York Fed survey shows that two-thirds of respondents expect the cessation of balance sheet reduction (QT) to end in the first or second quarter of 2025. #比特币战略储备