The Federal Reserve's quantitative tightening policy peaks at the end of the month, Arthur Hayes is optimistic about Bitcoin's $80,000 support level

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Signs of a significant improvement in market liquidity are emerging. Senior crypto market analyst Arthur Hayes recently shared his views on social media regarding the recent policy shift— the Federal Reserve’s quantitative tightening measures will conclude on December 1st, and this Wednesday may see the final round of balance sheet contraction by the central bank.

Meanwhile, US banking system credit issuance showed growth in November, further confirming the improvement in market liquidity conditions. Hayes believes that in this macro environment, Bitcoin’s price may oscillate below $90,000 in the near term, with a possibility of retracing down to the $80,000 range.

However, Hayes is confident in the $80,000 level, noting that this support has strong resilience and is unlikely to be effectively broken. The current BTC price is $90.59K, providing investors with a relatively clear downside risk boundary. From macro liquidity improvements to specific price support levels, Hayes’s analysis outlines a relatively clear market framework.

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