U.S. stock indices opened higher, with the Nasdaq rising 1.3% during Friday's trading, the S&P 500 gaining 0.9%, and the Dow Jones increasing by 0.56%.

A key factor in the Federal Reserve's decision to continue reducing 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 that the Fed's minimum comfort level for reserves is between $3 trillion and $3.25 trillion. A survey by the New York Fed shows that two-thirds of respondents expect the reduction of the balance sheet (QT) to conclude in the first or second quarter of 2025. #比特币战略储备