IntoTheBlock: Yesterday, over $750 million worth of BTC was withdrawn from exchanges, reaching a new high since May 2023

In a survey soliciting opinions from primary dealers, the Treasury Department asked about plans for repurchasing long-term government bonds, ways to enhance repo efficiency, the timing of short-term bond issuance, and prospects for the economy and financing, but did not directly address the issue of reducing long-term bond supply. Some investors had expected the Treasury to use this questionnaire to more clearly signal that it is considering scaling back the size of long-term bond auctions or even stopping the issuance of 20-year bonds, in response to the Trump administration's efforts to lower financing costs. The refinancing announcement to be released by the Treasury on November 4 has become the next observation point.