BitMEX co-founder Arthur Hayes stated that once the U.S. Treasury General Account (TGA) reaches its target of $850 billion, the crypto market will enter a "growth-only" market. The TGA currently has a balance of $807 billion. He stated that once the withdrawals are complete, liquidity will return to the market. However, André Dragosch, Bitwise's head of European research, believes that net liquidity has a weak correlation with Bitcoin. (Cointelegraph)
Arthur Hayes: If the US Treasury's TGA account reaches $850 billion, the crypto market will enter a "only rise, no fall" mode
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