Bitcoin (BTC) to face near-term pressure as liquidity tightens, according to Hilbert Group CIO
CoinDesk
Hilbert Group's Russell Thompson warns that tightening global liquidity will pressure Bitcoin in the near term before policy interventions provide relief.Summary
Hilbert Group CIO Russell Thompson expects global liquidity to tighten by 20%–25%, creating short-term headwinds for risk assets like Bitcoin. Despite recent stabilization in certain financial sectors, Thompson argues that market rallies require U.S. policy intervention, such as Federal Reserve balance sheet expansion or Treasury General Account drawdowns. While Bitcoin has experienced significant volatility following its late-2025 peak, the report anticipates improved conditions and potential new highs by late 2026 as macroeconomic liquidity dynamics evolve.
(Source：CoinDesk)