Bitcoin faces near-term pressure as liquidity tightens, Hilbert Group CIO says

Russell Thompson warned of a sharp tightening in global liquidity that could weigh on risk assets and bitcoin in the near term, before expected U.S. policy action provides relief. What to know : Hilbert Group CIO Russell Thompson said he expects global liquidity to tighten by as much as 25%, creating near-term headwinds for bitcoin. He said he sees the U.S. Treasury and Federal Reserve stepping in with tools including supplementary leverage ratio reform, Treasury General Account drawdown and interest rate cuts. Thompson maintained a bullish medium-term outlook, with bitcoin likely higher by year-end and potential new highs by 2027.