Arthur Hayes Comments on Bitcoin's Decline Amid U.S. Treasury Cash Reserve Increase

Arthur Hayes recently shared on social media that the past few weeks have seen a reduction in dollar liquidity by approximately $300 billion. According to ChainCatcher, this decrease is primarily due to the U.S. Treasury General Account (TGA) increasing by $200 billion. The government may be accumulating cash reserves to prepare for a potential shutdown, ensuring continued expenditure. In this context, Bitcoin's decline is unsurprising, as it aligns with the contraction in dollar liquidity.