Key Notes
- Improving macro liquidity signals, including increased U.S.bank lending and the scheduled QT halt, are seen as potential catalysts for a BTC price rebound.
- Swissblock data suggests selling pressure for Bitcoin may be nearing exhaustion.
- Despite optimism, market risk remains elevated, with Bitcoin failing to reclaim the $88,000-$90,000 resistance.
BitMEX co-founder Arthur Hayes says macro liquidity trends are showing early signs of improvement.
Hayes believes that this could probably lead to a Bitcoin
BTC
$86 882
24h volatility:
0.4%
Market cap:
$1.73 T
Vol. 24h:
$73.45 B
price recovery, while staying confident that liquidity conditions would improve after the US Federal Reserve ends quantitative tightening (QT) on December 1.
Arthur Hayes Predicts Final BTC Price Dip Under $80K
Crypto industry veteran Arthur Hayes noted that Bitcoin may continue to trade below the $90,000 level in the near term.
He also flagged the possibility of one final BTC price move toward the low-$80,000 range. However, he believes the $80,000 level is likely to hold as support.
Despite the pullback, Hayes indicated he is considering small accumulation but plans to delay larger purchases until early next year.
Hayes says macro liquidity trends are showing early signs of improvement, while highlighting two key developments.
The first is that the U.S. Federal Reserve is scheduled to halt quantitative tightening on December 1.
The other big improvement is that U.S. banks increased lending activity in November. Both hint at greater liquidity, which could benefit risk-on assets like BTC and digital assets.
In a similar prediction, market research firm Swissblock noted a sharp decline in its “Risk-Off Signal,” indicating that the most intense phase of selling may have passed.
The firm added that any remaining weakness is likely to appear as a smaller, secondary wave, potentially signaling seller exhaustion. This ultimately signals a shift towards buying momentum ahead.
Bitcoin Leads Digital Asset Outflows
As per data from CoinShares, digital asset investment products recorded US$1.94 billion in outflows last week, extending the four-week total to US$4.92 billion. This marks the third-largest continuous outflow period since 2018.
Bitcoin accounted for the largest share, with US$1.27 billion exiting the asset during the week, amid the BTC price correction.
However, the report noted a partial reversal on Friday, when the asset saw US$225 million in inflows.
Last week, BlackRock Bitcoin ETF saw record outflows, leading the pack. The early trading hours on Monday, November 24, show that the fund continues to bleed further.
Ethereum
ETH
$2 847
24h volatility:
0.3%
Market cap:
$344.85 B
Vol. 24h:
$26.05 B
also faced significant pressure, with US$589 million withdrawn. Last week, the altcoin saw outflows representing 7.3% of its total assets under management (AuM).
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Bhushan Akolkar on X
Source: https://www.coinspeaker.com/arthur-hayes-forecasts-btc-drop-below-80k-ahead-of-fed-qt-halt/
