Opinion: Although the current round of quantitative tightening in the United States will end today, its effects may not be seen until early next year.

According to Mars Finance, on December 1st, Benjamin Cowen, CEO of Into The Cryptoverse, published an article stating that in 2019, the Federal Reserve announced that its quantitative easing policy would end on August 1st. However, the Fed's balance sheet continued to decline in August because the final round of Treasury bond maturities wouldn't be settled until mid-August. Therefore, although this round of quantitative easing ended on December 1st, this does not mean that the balance sheet will immediately begin to improve. Such a change may not be seen until early 2026.