Arthur Hayes Says Dollar Liquidity Held Bitcoin Back in 2025, Sees Better Setup in 2026
Bitcoin’s 2025 slowdown was driven by tight dollar liquidity, with easing U.S. monetary conditions seen as a key 2026 catalyst. BitMEX co-founder Arthur Hayes has shared a new essay on Bitcoin’s price outlook. His latest essay, titled Frowny Cloud, explains BTC’s struggles in 2025 and outlines why conditions could improve in 2026. Hayes points to...
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