According to @BullTheoryio, the U.S. House is scheduled to vote around 7 PM ET on the same funding bill already passed by the Senate, and if approved, President Trump is expected to sign it within hours to reopen the government (source: @BullTheoryio). The author states federal agencies would reopen, furloughed workers would return with back pay, and government contracts and payments would resume, restoring fiscal activity (source: @BullTheoryio). The author further claims the Treasury could release over $950B from the Treasury General Account that has been idle since October, adding a significant liquidity impulse to the system (source: @BullTheoryio). The author suggests this liquidity wave tends to favor risk-on assets, implying Bitcoin (BTC) and broader crypto could react positively as liquidity returns (source: @BullTheoryio). Traders may monitor BTC price action into and after the 7 PM ET vote window as liquidity expectations reprice in real time (source: @BullTheoryio).

According to @KobeissiLetter, the Treasury General Account has surpassed 900 billion for the first time since 2021 and has risen by about 666 billion since June, signaling tighter dollar liquidity. According to @KobeissiLetter, as the TGA rises it makes short-term borrowing in the repo market more expensive, with repo activity now around 3 trillion per day after tripling over the last three years. According to @KobeissiLetter, if funding pressures persist the Federal Reserve may need to expand its balance sheet again to stabilize markets, indicating widening liquidity cracks that crypto traders should monitor for potential impacts on BTC and ETH.

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).

According to the source, Bitcoin traders are monitoring potential shifts in the Federal Reserve balance sheet because the weekly H.4.1 release details total assets and reserve balances that indicate U.S. dollar liquidity conditions relevant for risk assets like BTC, as published by the Federal Reserve Board at https://www.federalreserve.gov/releases/h41.htm. Key liquidity channels include the Overnight Reverse Repo Facility, where changes in outstanding balances reflect shifts between money funds and bank reserves, with daily operation results published by the Federal Reserve Bank of New York at https://www.newyorkfed.org/markets/desk-operations/reverse-repo. Flows in the Treasury General Account at the Fed can drain or add reserves to the banking system, and traders track the TGA via the U.S. Treasury’s Daily Treasury Statement at https://fiscaldata.treasury.gov/dts.

According to @MilkRoadDaily, global liquidity growth has slowed as a stronger U.S. dollar and the U.S. Treasury refilling its Treasury General Account pull capital out of risk assets like crypto, pressuring BTC and ETH in the near term, source: @MilkRoadDaily on X, Aug 10, 2025. They state this impact is short term and note that a potential September Federal Reserve rate cut could reverse the liquidity drag by easing financial conditions, potentially supporting a risk-on rotation back into crypto, source: @MilkRoadDaily on X, Aug 10, 2025. Traders are advised to monitor the dollar trend, TGA balances, and the September policy path to time re-entry and beta exposure in BTC and ETH, source: @MilkRoadDaily on X, Aug 10, 2025.