Bitcoin faces near-term pressure from liquidity tightening

Global liquidity is expected to tighten by up to 25%, creating near-term headwinds for Bitcoin, according to Hilbert Group CIO Russell Thompson. He anticipates that U.S. policymakers, including the Treasury and Federal Reserve, will intervene with measures like supplementary leverage ratio reform and interest rate cuts to provide relief. Despite the short-term challenges, Thompson maintains a bullish medium-term outlook, projecting Bitcoin to be significantly higher by year-end and potentially reach new all-time highs by 2027 as liquidity conditions improve.