According to @cas_abbe, the People's Bank of China injected about ¥2 trillion ($289B) in liquidity this week via reverse repo operations and highlighted a renewed rise in M2, implying a supportive backdrop for BTC and altcoins (source: @cas_abbe). Reverse repos temporarily add cash to banks and ease short-term funding conditions, which transmits broader liquidity to markets (source: People's Bank of China open market operations statements). Empirical research shows crypto assets, including BTC and altcoins, co-move with global financial conditions; easier liquidity has historically aligned with stronger crypto returns and turnover (source: IMF Global Financial Stability Report 2022). M2 is a standard gauge of monetary liquidity for assessing financial easing in macro analysis (source: Bank for International Settlements). For trading, sustained PBoC injections and rising M2 have historically coincided with a risk-on tone in BTC and higher-beta altcoins, so monitoring daily PBoC OMO, onshore funding rates, and crypto volumes during Asia hours is prudent while this trend persists (source: IMF 2022; People's Bank of China OMO data).