Arthur Hayes “Cryptocurrency Market Peaks in March, Turns Downward”

Arthur Hayes, the former CEO of BitMEX, who is an indicator for many, has opened his mouth. He predicted that the cryptocurrency bull market will continue until mid-March. According to CoinPost, a blockchain media outlet, Hayes predicted that the cryptocurrency bull market will continue until mid-March 2025. This is because the reverse repo (RRP) in which financial institutions hold idle funds is expected to approach zero in the first quarter, and the analysis suggests that the interest rate cut on RRP has increased the likelihood that financial institutions will inject funds into the market.

In addition, the U.S. Treasury Department's need to spend the Treasury General Account (TGA) due to the debt ceiling was also cited as a factor in providing liquidity to the market. Hayes estimates that the Fed and the Treasury will provide a total of $612 billion in net liquidity by the end of the first quarter. He also warned that negative factors for liquidity are waiting ahead, including the depletion of TGA and the raising of the debt ceiling after mid-March, and the tax payment deadline on April 15. These factors are likely to cause the cryptocurrency market to undergo a major correction after mid-March.