BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes Shares His Thoughts on the ) is called “Bad Gurl Yellen”.
at X postalHayes encouraged other Bitcoin enthusiasts to stay focused, highlighting the surge in U.S. dollar liquidity. He said Bitcoin could reflect increased liquidity in the U.S. dollar, causing its price to rise.
The attached chart shows the net change in RRP and TGA balances, showing a possible correlation between increased USD liquidity and BTC prices.
I jumped into action and watched how busy Bud Yellen was injecting financial assets. Don’t be distracted, USD liquidity is increasing, Bitcoin USD It will also rise. Here is a chart of net RRP and TGA balance changes. pic.twitter.com/l2US0FzlAX
— Arthur Hayes (@CryptoHayes) November 25, 2023
Meanwhile, cryptocurrency analyst dharmafi shared More specific numbers about X. The post highlighted an RRP of $65 billion, a TGA balance of $35 billion, and a significant surge in net liquidity of $106 billion since November 21.
This revelation shows a significant increase in liquidity over the short term, reflecting the dynamics of financial conditions. As Arthur Hayes highlighted, increased liquidity indicates changes in financial market dynamics. Investors and Bitcoin enthusiasts are closely watching these liquidity injections in anticipation of the potential impact on the cryptocurrency market.
While the BitMEX co-founder emphasized the connection between USD liquidity and Bitcoin’s future direction, Dharmafi’s specific data reinforced the impact of the liquidity surge. The sharp increase in net liquidity of $106 billion since November 21 shows the rapid infusion of funds into the financial system and raises questions about the potential impact on multiple asset classes, including cryptocurrencies.
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As the cryptocurrency community grapples with these observations and changing patterns, the influence of key figures such as Janet Yellen in shaping market dynamics takes center stage in the discussion.
Meanwhile, Bitcoin skeptic Janet Yellen recently warned cryptocurrency exchanges to comply with the law. In a recent statement from the U.S. Department of Justice (DOJ), Yellen emphasized the importance of digital currency companies complying with laws and regulations.
Yellen emphasized the importance of compliance in the digital currency industry and emphasized the need to comply with regulations to facilitate operations within the U.S. financial system. The statement follows a decision by the U.S. Department of Justice declaring Binance guilty of money laundering and other charges.
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