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Arthur Hayes: Market Liquidity Showing Slight Improvement, But BTC Still Faces the Possibility of Retesting $80,000
BlockBeats News, November 24th, Arthur Hayes posted on social media indicating a slight improvement in current market liquidity:
· The Fed's quantitative tightening will stop on December 1st, and this Wednesday may be the last balance sheet shrinkage
· The US banking sector saw an expansion in credit in November
Currently, the market is consolidating below $90,000, possibly retesting the $80,000 support zone, but I believe the $80,000 level should hold. I may start accumulating on a small scale, but a full-on move will have to wait until after the new year.
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