a chart that can help us tell if it’s going to be a bull market the TGA is an indicator that helps us understand where liquidity in the market comes from the Treasury General Account is the us treasury’s account at the FED basically, it’s the us government’s savings account money moving in and out of this account affects the financial system’s liquidity > if the TGA goes up the government raises money, for example, by issuing bonds funds are moving from the private sector to the government’s account liquidity in the financial system could potentially decrease this could put pressure on bitcoin:native, stocks, and other risk assets > if the TGA declines the government spends its accumulated funds money is flowing back into the private sector, supporting bank liquidity this could be bullish for crypto and the stock market this is what we’re seeing right now the tga is nearing $1 trillion again this means a significant amount of money is sitting in a government account rather than the private sector if the tga starts declining steadily, it could provide additional support for the market if it keeps going up, liquidity could come under pressure right now we're waiting on two possible outcomes what are we waiting for next bullish scenario for bitcoin:native : > the TGA is starting to steadily decline > the treasury is spending its accumulated funds > the fed balance sheet isn’t shrinking too fast > bitcoin ETFs are showing steady inflows again > BTC is reclaiming key technical levels bearish scenario: > TGA keeps growing > the fed is shrinking its balance sheet > ETFs are seeing outflows > liquidity and risk appetite are getting worse i’ll leave the chart link in the comments