- The U.S. Treasury General Account (TGA) drops to $406.7 billion.
- Declining TGA reflects positive liquidity that creates room for a risk rally.
- $50 billion of the TGA drop was due to interest on treasury securities.
Arthur Hayes, the BitMex CEO, has called on his Twitter followers to stay alert over the developing market conditions. Hayes informed users that a declining Treasury General Account (TGA) reflects positive liquidity that creates room for a risk rally unless there is a reaction from the U.S. Federal Reserve.
Source: https://coinedition.com/the-us-tga-drops-in-line-with-arthur-hayes-market-prediction/