The crypto market is preparing for a possible liquidity test on September 30, the date on which a massive U.S. Treasury liquidation of $202 billion is scheduled. 📊 This Treasury coupon movement coincides with a transition period in SOFR funding rates and the derivatives markets for major assets. What does this mean for the market? Adjustments in U.S. Treasury operations often trigger temporary ripple effects in global liquidity, affecting risk appetite in highly leveraged markets. Historically, these episodes test the resilience of technical supports in major cryptoassets during sudden contractions of available capital. 🔍 What to watch: Pay attention to the behavior of funding rates in Bitcoin derivatives and to the stability of USDC and USDT flows over the next 48 hours. The key will be to see whether macro pressure translates into spot volatility or whether the market absorbs the impact without any hiccups. Do you see this move as an opportunity to accumulate, or do you prefer caution? I’ll read your thoughts in the comments. 💡 #Bitcoin #Macroeconomia #Derivados $BTC