Arthur Hayes: Reduction in Dollar Liquidity Over Past Weeks May Be One Reason for Bitcoin's Decline

Odaily News: BitMEX co-founder Arthur Hayes posted on platform X, stating that dollar liquidity has decreased by approximately $300 billion over the past few weeks. This is primarily due to a $200 billion increase in the U.S. Treasury General Account (TGA), as the U.S. government may be raising cash reserves to ensure spending in preparation for a potential shutdown. Against this backdrop, Bitcoin's decline is not surprising, as it aligns with the contraction in dollar liquidity.