Wu Blockchain (@WuBlockchain): BitMEX co-founder Arthur Hayes said crypto markets will enter “up only” mode once the U.S. Treasury General Account (TGA) reaches its $850 billion tar…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Impact unavailable
BitMEX co-founder Arthur Hayes said crypto markets will enter “up only” mode once the U.S. Treasury General Account (TGA) reaches its $850 billion target. The TGA balance currently stands at $807 billion. Hayes noted that once the liquidity drain is complete, capital will flow back into markets. However, Bitwise’s head of research in Europe, André Dragosch, argued that net liquidity has only a weak correlation with Bitcoin. https://t.co/WEFwj5LoUG