Arthur Hayes believes that Bitcoin's poor performance in 2025 is due to tightening dollar liquidity rather than structural weaknesses, and he expects that a loose monetary environment in 2026 will drive Bitcoin to new all-time highs. This view aligns with the shift in market sentiment, as the Cryptocurrency Fear and Greed Index has turned to "Greed" for the first time since the October $19 billion liquidation event, and at the same time, Bitcoin's price has risen to nearly $97,000.

BTC-2.82%
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