A major central bank just flooded the market with 88.3 billion yuan through 7-day reverse repo operations—classic move to shore up short-term liquidity when cash gets tight. These operations typically signal authorities want to keep money flowing smoothly through the financial system without causing drama with long-term rate adjustments.

For traders watching macro trends, this matters. When you see liquidity injections this size, it usually means either quarter-end pressures are building up, or there's concern about credit conditions cooling. The crypto market tends to react to these signals—more liquidity often means risk appetite stays alive, fewer restrictions on capital movement. Worth keeping tabs on whether this becomes a one-off or the start of a broader easing pattern.