According to @AltcoinGordon, the U.S. Treasury General Account (TGA) balance is “almost $1 trillion,” suggesting potential cash deployment ahead (source: @AltcoinGordon on X, Nov 9, 2025). The TGA is the Treasury’s cash at the Federal Reserve, and a decline in the TGA from government spending mechanically adds bank reserves and system liquidity, while rebuilding the TGA via net issuance drains reserves (source: Federal Reserve Bank of New York, Liberty Street Economics; U.S. Treasury Daily Treasury Statement). For traders, periods of sustained TGA drawdowns have been associated with looser USD liquidity and stronger risk-asset backdrops that can benefit BTC and ETH, though relationships vary by cycle (source: Federal Reserve Bank of New York, Liberty Street Economics; Lyn Alden Investment Strategy). Monitor the Daily Treasury Statement and the Treasury’s Quarterly Refunding Announcement to confirm whether TGA levels are being drawn down (liquidity injective) or rebuilt (liquidity draining) in the weeks ahead (source: U.S. Treasury Daily Treasury Statement; U.S. Treasury Quarterly Refunding Announcement).