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Gordon Johnson, CEO / Analyst at GLJ Research, comments that liquidity is being drained from bitcoin.
The post highlights concerns regarding the current state of bitcoin market liquidity.
Johnson previously warned that U.S. Treasury plans to issue $300 billion in T-Bills through July could drain liquidity from both traditional and crypto markets, putting pressure on bitcoin prices, according to a prior report. In another analysis, he noted that a shift in Federal Reserve liquidity is limiting banks’ ability to invest in bitcoin, potentially reducing inflows, as detailed in a separate article. The current comments follow Johnson’s repeated focus on liquidity risks facing the digital asset sector.