BTC may rally 12 days after TGA liquidity normalizes, analysts say

The release of funds from the U.S. Treasury General Account (TGA) following the end of the government shutdown could be a positive catalyst for Bitcoin, according to an analysis. Negentropic, an X account managed by Glassnode co-founders Yann Happel and Jan Allemann, noted that funds are beginning to be released from the TGA, the Treasury's cash account at the Federal Reserve. The account highlighted a historical precedent from the 2019 shutdown, when BTC rebounded 12 days after liquidity normalized. With the peak of the current liquidity crunch having passed this week, the release of an estimated $150 billion could provide significant upward momentum, the analysis suggested, concluding that the worst is over and market conditions are improving.