Arthur Hayes: Bitcoin's Current Drop is Synchronous with USD Liquidity Tightening

BlockBeats News, January 30th, BitMEX co-founder Arthur Hayes posted on social media stating that over the past few weeks, around $300 billion of US dollar liquidity has been drained, mainly due to a $200 billion increase in the US Treasury General Account (TGA). The government may be accumulating a cash reserve to ensure spending in the event of a potential shutdown. Against this backdrop, Bitcoin's price drop is not surprising, as it is happening in sync with the contraction in US dollar liquidity.