The People's Bank of China (PBOC) conducted a 7-day reverse repurchase operation totaling 9.3 billion yuan on December 26, 2025. Both the bidding and winning amounts matched at 9.3 billion yuan, maintaining an operation rate of 1.40%, consistent with previous operations. This move is part of the PBOC's ongoing efforts to manage liquidity in the financial system, though its direct impact on cryptocurrency markets remains uncertain.