Bitcoin

Arthur

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 In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity.
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<div class="cointelegraph">
 Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as “Bad Gurl Yellen.”
 In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity. He proposed that Bitcoin (BTC) will likely mirror the rise in dollar liquidity, anticipating a positive trajectory in its price.
 The displayed chart illustrated the net variations in RRP and TGA balances, indicating a possible link between heightened <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> and the positive movement of Bitcoin.
 <blockquote class="twitter-tweet">
 Getting my feet did and observing how Bad Gurl Yellen is busy pumping financial assets. Don’t get distracted, $ <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> is increasing and $BTC will go up as well. This is the chart of net RRP and TGA balance changes. pic.twitter.com/l2US0FzlAX— Arthur Hayes (@CryptoHayes) November 25, 2023
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 Meanwhile, crypto analyst Dharmafi shared more specific figures on X. The post emphasized a Reverse Repurchase Agreement (RRP) of $65 billion and a Treasury General Account (TGA) balance of $35 billion, resulting in a significant net liquidity surge of $106 billion since Nov. 21.
 This disclosure indicated a noteworthy increase in <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> over a brief period, reflecting dynamic shifts in the financial environment. The rise in <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a>, as highlighted by Arthur Hayes, shows the changing dynamics in financial markets. Investors and Bitcoin enthusiasts closely observe these <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> injections, anticipating potential effects on the cryptocurrency market.
 While the co<a rel="noopener noreferrer nofollow" title="-founder" href="https://thebittimes.com/tag/founder.html">-founder</a> of BitMEX highlighted the connection between <a rel="noopener noreferrer nofollow" title="dollar" href="https://thebittimes.com/tag/dollar.html">dollar</a> <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> and Bitcoin’s forthcoming trajectory, Dharmafi’s specific data reinforces the impact of the <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a>. The substantial $106 billion rise in net <a rel="noopener noreferrer nofollow" title="liquidity" href="https://thebittimes.com/tag/liquidity.html">liquidity</a> since Nov. 21 indicates a swift injection of funds into the financial system, raising inquiries about potential impacts on diverse asset classes, including cryptocurrencies.
 Related: CoinFLEX creditors dissatisfied with restructuring to OPNX: Report 
 As the crypto community grapples with these observations and evolving patterns, the influence of key figures such as Janet Yellen in shaping market dynamics becomes a central topic of discourse.
 Meanwhile, Janet Yellen, a skeptic of Bitcoin, has recently cautioned cryptocurrency exchanges to abide by the law. In a recent U.S. Department of Justice (DOJ) announcement, Yellen emphasized the importance of digital currency firms complying with legal regulations.
 Yellen stressed the significance of compliance in the digital currency industry, underscoring the need to follow regulations to benefit operating within the U.S. financial system. This statement came after the DOJ’s decision, which declared Binance guilty of money laundering and other charges.
 Magazine: Big Questions: What’s with all the crypto deaths? 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitmex-co-founder-predicts-bitcoin-surge-amid-dollar-liquidity-rise-tbt71587.html">https://thebittimes.com/bitmex-co-founder-predicts-bitcoin-surge-amid-dollar-liquidity-rise-tbt71587.html</a>

BitMEX Co-founder predicts Bitcoin surge amid dollar liquidity rise

TheBitTimes

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