ChainCatcher News, Arthur Hayes posted on social media that in the past few weeks, dollar liquidity has decreased by approximately $300 billion, mainly due to the U.S. Treasury General Account (TGA) increasing by $200 billion. The government may be raising cash reserves to prepare for a potential shutdown to ensure spending. Against this backdrop, Bitcoin’s decline is not surprising, as it coincides with the contraction of dollar liquidity.
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Arthur Hayes: Bitcoin's decline this time is synchronized with the contraction of US dollar liquidity
ChainCatcher News, Arthur Hayes posted on social media that in the past few weeks, dollar liquidity has decreased by approximately $300 billion, mainly due to the U.S. Treasury General Account (TGA) increasing by $200 billion. The government may be raising cash reserves to prepare for a potential shutdown to ensure spending. Against this backdrop, Bitcoin’s decline is not surprising, as it coincides with the contraction of dollar liquidity.