US Treasury TGA may hit $1.05T, but no direct link to Bitcoin liquidity
- —Treasury projects TGA at $1.05T by end-October, with a ±$50B margin
- —End-September balance was assumed at $950B
- —TBAC discussed lending excess TGA cash in overnight Treasury repo
- —Net economic benefit may be just 0–2 bps versus IORB
Why it matters: A higher TGA does not by itself imply capital flowing into Bitcoin — confirmed repo program details and bank reserve trends are needed.
Source: TokenPost