This was stated by BitMEX co-founder Arthur Hayes.
💰 In his opinion, one of the main factors influencing the growth of the crypto market remains the influx of dollar liquidity.
He highlighted 2 sources of this liquidity 👇
⏺Reduction of balances in the reverse repo fund (RRP). The September reduction in RRP has already led to an influx of $2 trillion into the markets, supporting the growth of stocks and cryptocurrencies. In the 1st quarter, RRP may fall to nearly zero, adding another $237 billion in liquidity.
⏺Use of the U.S. Treasury General Account (TGA). Due to the inability to increase government debt, the Treasury will be spending funds from the TGA. This will also provide a positive impetus for liquidity.
The expert predicts that by March, $180 billion in liquidity will be removed from the market. This will lead to the market peaking in mid to late March.
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