📉 ARTHUR HAYES: BITCOIN DROP TRACKS USD LIQUIDITY DRAIN
#BitMEX co-founder Arthur Hayes @CryptoHayes says #Bitcoin’s recent pullback is closely tied to a sharp contraction in #USD liquidity, not crypto-specific weakness.
Over the past few weeks, dollar liquidity has fallen by ~$300B, largely driven by a $200B increase in the U.S. Treasury General Account (TGA) as the government builds cash buffers amid potential shutdown risks.
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