Arthur Hayes, the co-founder of BitMEX, has shared his insights on the critical role of the US Treasury General Account and the Federal Reserve's balance sheet in forecasting Bitcoin price trends. According to the results published in the material, his analysis suggests that liquidity is a key factor influencing Bitcoin's future price movements.
Impact of US Treasury and Federal Reserve on Market Liquidity
Hayes emphasizes that any changes to the US Treasury General Account or the Federal Reserve's balance sheet could significantly impact liquidity levels in the market. An increase in liquidity may provide the necessary conditions for Bitcoin's price to rebound.
Current Market Pressures and Future Outlook
However, he cautions that until such adjustments occur, the cryptocurrency market is likely to remain under pressure, with the potential for further declines in Bitcoin's value. Investors should closely monitor these economic indicators as they navigate the current market landscape.
Recently, Arthur Hayes discussed a potential strategy for the Federal Reserve to enhance dollar liquidity while aiding the Japanese economy, which could impact global markets, including cryptocurrencies. For more details, see read more.
