Everyone, the Federal Reserve has quietly created a new tool recently, with a very technical name called 'Reserve Management Purchase', abbreviated as RMP.
But insider Arthur Hayes has interpreted it quite well today. He said, in simple terms, it's a new version of QE (printing money and flooding the market) with just a different name.
What does this mean? Let me translate it for you.
It means the Federal Reserve is preparing to turn on the tap again, injecting a large amount of dollar liquidity into the market. With more water, money becomes less valuable; this is the increasing risk of long-term depreciation of fiat currency.
So where will the money go?
Hayes's view is clear: the crypto market, especially Bitcoin, will be one of the biggest beneficiaries.
He provided a clear roadmap:
Short term, Bitcoin may fluctuate and consolidate in the range of 80,000 to 100,000 USD.
Key turning point, is when the market can generally realize the fact that "RMP = QE". Once this awareness forms, Bitcoin is likely to quicklyreturn to the previous high of 124,000 USD, then accelerate to impact200,000 USD.
The time window he expects is around March next year, when market sentiment may reach a phase peak. Although there may be a pullback afterward, he judges that the overall bottom after the pullback will likely be higher than 124,000 USD.
If his judgment proves true, it means that the entire value baseline of Bitcoin will be significantly raised.
However, there is a very intriguing detail here.
Although Hayes is bullish in the article, just yesterday during the market rebound, he transferred over 500 ETH worth approximately 1.5 million USD to institutions. This transfer is usually interpreted by the market as possibly being for sale and cashing out.
It's better not to listen to what it says, sometimes it's two different things.
The public opinions of the big shots are worth our attention and contemplation, but their wallet movements may hide another layer of more real information.
