The post Crypto News: Arthur Hayes Says Bitcoin’s Biggest Bullish Catalyst Has Arrived appeared on BitcoinEthereumNews.com.

The post Crypto News: Arthur Hayes Says Bitcoin’s Biggest Bullish Catalyst Has Arrived appeared first on Coinpedia Fintech News The crypto market is showing steady strength, with total market capitalization climbing to $3.09 trillion, up 1.1% in the last 24 hours. Bitcoin has risen to $91,119, gaining 1.55% on the day and nearly 6% over the week. Ethereum is also performing well, trading at $3,112 after a 1.87% daily increase and a 10% weekly jump. Former BitMEX CEO Arthur Hayes has predicted that Bitcoin is entering one of its strongest bullish phases, driven by a shift in U.S. liquidity conditions. In a recent interview, Hayes said the setup in late 2025 looks very similar to the liquidity surge that pushed Bitcoin sharply higher in the second half of 2023. Debt-Ceiling Fights Create Liquidity Waves Hayes explained that both in 2023 and 2025, the U.S. went through political battles over the debt ceiling. During these fights, the Treasury is forced to spend down its main checking account—called the Treasury General Account (TGA). When the government spends from the TGA, it injects fresh dollars into the financial system. This extra liquidity usually lifts markets, including Bitcoin. But when the debt ceiling is finally raised, the government has to refill the TGA by issuing new debt. That process pulls liquidity out of the system and typically hits risky assets like stocks and Bitcoin. Why 2023 Saw a Massive Bull Run In 2023, the Treasury filled the TGA by issuing short-term debt, but it had a major advantage: the Federal Reserve’s reverse repo facility still held about $2.5 trillion from the pandemic era. By issuing high-yield short-term Treasury bills, the government lured that money out of the Fed and back into markets. Hayes said this move pumped $2.5 trillion of fresh liquidity into the…

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Filed under: News - @ December 8, 2025 4:19 am