The U.S. debt market is experiencing a major upheaval! The Federal Reserve is no longer pretending; it is now aggressively buying $40 billion of U.S. Treasuries every month. Why such urgency? It turns out that Japan, once a major creditor, is no longer buying. The scale of U.S. debt has skyrocketed—from less than $5 trillion in 1995 to $38 trillion in 2025, with the doubling speed accelerating. Now, expectations for U.S. debt are problematic, and the U.S. government dares not raise the issue, but the market has already shown its stance through action. $SOL $BNB $ETH Previously, Japan and China were the main buyers of U.S. Treasuries. When China did not roll over maturing debt and Japan’s bond market faced big problems, the Fed had to raise interest rates to stabilize the situation. Institutions could only sell U.S. Treasuries to gain liquidity, with no extra funds to buy more. If the Federal Reserve doesn’t step in, rising government bond yields will cause the market to explode. That’s why, since September 2024, the Fed has cut interest rates six times, yet government bond yields continue to rise, putting immense pressure on the system. $40 billion per month adds up to $500 billion a year—no small scale—enough to suppress market interest rates. But as issues in the U.S. financial system grow more severe, other buyers may follow Japan’s example, and the Fed might have to increase its purchases. Although there’s talk now of reducing to $20 billion, the market is ruthless, and the future is full of uncertainties. What impact will this move have on the crypto market? We’ll wait and see!