[Analysis: Global liquidity expected to tighten by 20% to 25%, putting short-term pressure on Bitcoin] According to a report by CoinDesk, Russell Thompson, Chief Investment Officer of crypto asset management firm Hilbert Group, stated that global liquidity is expected to tighten by 20% to 25%, which will put short-term pressure on Bitcoin. Even if the Iran issue is resolved quickly, risk assets will find it difficult to sustain a rebound without external policy support. Thompson anticipates that U.S. policymakers will take countermeasures, including reforms to the supplementary leverage ratio, significant utilization of the Treasury General Account funds, and a series of rate cuts under the leadership of the new Federal Reserve Chair. He maintains a bullish medium- to long-term outlook, predicting that Bitcoin will "rise significantly" by the end of the year and reach a new all-time high around 2027 as liquidity bottoms out.