After weeks of deadlock, a glimmer of hope has finally emerged in American politics. On November 10, 2025, the U.S. Senate approved a compromise plan aimed at ending the longest government shutdown in U.S. history. This news acted like a timely rain, quickly boosting global financial market sentiment, with the cryptocurrency market responding positively first, as Bitcoin's price surged above $105,000, shaking off the previous week's gloom. The resolution of this political deadlock not only signifies a return to normalcy for the U.S. economy but also suggests that the massive market liquidity previously drained by the government's "black hole" may soon return. So, will this inject new vitality into Bitcoin and the entire Web3 market, potentially igniting a new round of bullish momentum?
- End of the U.S. Government Shutdown: Deadlock Broken, Market Sentiment Warms
The U.S. government shutdown began on October 1 and lasted for 40 days, bringing significant uncertainty to the economy, causing food assistance for millions to be disrupted, hundreds of thousands of federal employees to go without pay, and resulting in chaos in air traffic.
Senate Approves Compromise Plan: On Monday evening (November 10), the U.S. Senate approved a compromise plan with a vote of 60 to 40, with nearly all Republican senators and eight Democratic senators supporting the measure. Sources indicated that sufficient Democratic votes had been secured to pass the bill to end the government shutdown.
Trump Expresses Support: President Trump previously stated that the agreement to reopen the government was "very good" and expressed his support.
Economic Impact: On November 9, U.S. Treasury Secretary Mnuchin warned that the impact of the government shutdown on the economy was becoming "increasingly dire." White House National Economic Council Director Hassett also stated that if the government shutdown continued, the fourth-quarter GDP could be negative.
Market Responds Positively: Following news of progress in government reopening negotiations, the U.S. stock market rose on Monday, with the Dow Jones Industrial Average gaining nearly 400 points, the S&P 500 rising by 1.54%, and the Nasdaq soaring by 2.27%, with the latter two achieving their best single-day performance since May.
- Bitcoin Strongly Rebounds: Shaking Off Gloom, Returning to Key Price Levels
Stimulated by the positive news of the government shutdown resolution, Bitcoin's price quickly rebounded, escaping the previous week's sluggish performance.
Price Breakthrough: On November 10, Bitcoin rose above $105,000. Previously, Bitcoin had dipped to a lower point during the "10.11" crash, falling below the $100,000 mark and even dropping below $99,000, hitting a nearly six-month low.
Liquidity Return Expectations: BitMEX co-founder Arthur Hayes tweeted, "The U.S. government is back to doing what it does best: printing money and distributing benefits. BTC and ZEC will see a rise." Financial commentator Pomp (Anthony Pompliano) also believed that Trump's announcement today of a "tariff dividend" of at least $2,000 for every American would release strong liquidity into the market.
- Liquidity "Fresh Water" is Coming: TGA Reversal and Potential Stimulus
The government shutdown had a significant impact on market liquidity, and its resolution indicates that liquidity "fresh water" will be reintroduced into the market.
TGA's "Black Hole Effect": Analysis from Wall Street Insight shows that the shutdown forced the U.S. Treasury to increase its balance in the Federal Reserve's General Account (TGA) from about $300 billion to over $1 trillion in the past three months, reaching a nearly five-year high. This process effectively drained over $700 billion in cash from the market, with a tightening effect comparable to several interest rate hikes. The TGA acts like a financial black hole, locking up market liquidity.
Liquidity Crisis Signals: Soaring overnight borrowing rates are the most direct symptom of the financial system "running a fever." The Secured Overnight Financing Rate (SOFR) spiked by 22 basis points on October 31, far exceeding the Federal Reserve's target interest rate range. The usage of the Fed's Standing Repo Facility (SRF) also approached historical highs, indicating a severe dollar shortage in the banking system.
Potential Stimulus from "Tariff Dividends": President Trump has just announced "tariff dividends," with each American set to receive at least $2,000, with total disbursements expected to exceed $400 billion. Such large-scale "stimulus" payments, if implemented, would release strong liquidity into the market.
- Market Bottom and Technical Signals: Future Direction of Bitcoin
Analysts have differing views on Bitcoin's bottom, but there is a general consensus that the market is searching for a bottom.
"IPO Pricing": Analysts suggest that Bitcoin's current trend seems to have found its IPO pricing, with original sellers exiting and venture capital liquidity drying up, leading to a spread of market panic. Researcher Jordi Visser stated that Bitcoin appears to have found its initial public offering (IPO) price, indicating early signs of a market bottom.
Key Support Level: The support level at $100,300 remains a lifeline for Bitcoin's price. If the price on the daily chart falls below and closes under this level, it will confirm the continuation of the downtrend.
Technical Rebound Signals: If buyers continue to push up, Bitcoin's price is expected to break through the immediate resistance level of $104,300, rising to $111,999, and potentially climbing to $117,552. The RSI indicator also shows signs of an impending buy signal.
Conclusion:
The resolution of the U.S. government shutdown crisis and the potential stimulus from Trump's "tariff dividends" bring positive signals to the Bitcoin market. Bitcoin's price has risen above $105,000, and analysts believe it may be searching for a bottom. This event not only marks the end of the political deadlock in the U.S. but also suggests that market liquidity will be reintroduced, providing new upward momentum for Bitcoin and the entire Web3 market.
Related Reading: As short sellers exit MSTR, the Bitcoin (BTC) bear market may be coming to an end.
Original article: “Trump Supports Ending Government Shutdown! Bitcoin (BTC) Breaks $105K, Market Liquidity Set to Return?”
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