Bitcoin's Future Price Could Drop to $90,000-$95,000, According to Arthur Hayes' Analysis

Cryptocurrency analyst Arthur Hayes, on the 3rd, published an analysis on his blog predicting a flat to soft market trend until the Jackson Hole meeting scheduled for August 21-23. He indicated that if the replenishment of the Treasury General Account (TGA) adversely affects dollar liquidity, Bitcoin (BTC) could potentially drop to the range of $90,000-$95,000. The TGA, a checking account held by the U.S. Treasury at the Federal Reserve, acts like the government's checkbook. An increase in the TGA balance absorbs funds from the market, thereby reducing dollar liquidity...