Lately, crypto traders felt a bit bored as Bitcoin stayed around $60,000 without much change. But a spark of excitement might be on its way. Experts think that next week’s US Treasury Secretary’s quarterly borrowing announcement could help risky assets like crypto.

This announcement usually shows how much money the US government needs to borrow and affects how people feel about the markets. It tells us how much the government plans to borrow in the next three months, which changes bond prices, interest rates, and how much risk people are willing to take.

When the government borrows more money, it makes bond prices go down and interest rates go up, which makes people less likely to take risks. But if the government borrows less, it’s the opposite.

Last time in January, the Treasury said they planned to borrow $202 billion in the second quarter and keep $750 billion in their bank account. That’s a bit less than the $760 billion they had in the first quarter.

Althea Spinozzi from Saxo Bank thinks the government might borrow less money this time. She thinks this could make risky assets like cryptocurrencies go up because people will feel more positive about them.

But if the Treasury says they want to keep more money in their bank account, it might not be good for risky assets. Arthur Hayes from BitMEX thinks the Treasury might do a few things to make money flow more easily, like stop borrowing money for a long time or borrow more for a short time.

Either way, if the Treasury’s announcement is good news for the markets, it could make the prices of stocks and cryptocurrencies go up, making traders happy.

So, all eyes are on the Treasury’s announcement, as it holds the potential to unlock a new phase of growth for Bitcoin and other risky assets.