The Ministry of Finance’s latest liquidity injection is essentially treating market liquidity like a cash machine. Bitcoin’s short-term pressure is no secret—but after it’s drained, what happens next? Just waiting for a reversal narrative.

The U.S. Department of the Treasury plans to increase the balance of the General Account (TGA) to approximately $900 billion by the end of June and to about $1 trillion by the end of July. Analysts believe that replenishing the TGA will withdraw liquidity from the financial system, while the current balance of the U.S. reverse repurchase agreement (RRP) facility has fallen from a peak of over $2.5 trillion in 2022 to less than $100 billion. Future debt issuance may further consume bank reserves, putting pressure on risk assets like Bitcoin. (CryptoSlate)