📈 Arthur Hayes Says Bitcoin’s Bullish Setup Is Back
The market is warming up again - total cap is at $3.09T, with $BTC at $91,119 and ETH at $3,112. Both are showing solid daily and weekly gains.
Arthur Hayes says the real reason behind this strength is liquidity. During U.S. debt-ceiling fights, the Treasury spends from the TGA - and that fresh money usually lifts markets, including Bitcoin.
In 2025, liquidity tightened and pushed $BTC down toward $80K. But Hayes thinks that phase is over:
• QT has stopped
• Treasury stress is easing
• the TGA is nearly refilled
• banks are lending again
His view: liquidity has bottomed - and that’s when Bitcoin tends to turn up.
