Arthur Hayes predicts strong Bitcoin volatility but expects it to hold the $80,000 level

Arthur Hayes stated that market liquidity is showing slight but notable signs of improvement. He pointed out two main factors leading to this change: expectations that the US Federal Reserve will end its quantitative tightening program on December 1, and increased lending activity by US banks in November. According to Hayes, these factors indicate that financial conditions are gradually loosening, although the extent remains modest.

Regarding Bitcoin price movements, Hayes predicts that BTC will continue to fluctuate strongly in the range below $90,000. He also believes the price could retreat to the low $80,000 range. However, Hayes believes that the $80,000 level will hold and will be difficult to break, unless there is an unexpected shock from the macroeconomic environment.