As the digital assets market regained the lost momentum printing green indexes, Arthur Hayes has laid out his Bitcoin bottom prediction before the market enters the much anticipated next phase of the bull run.
BTC price has jumped by more than 3% in the past 24 hours moving the cumulative crypto market cap near to $3 trillion.
Bitcoin (BTC) regained the crucial $86K mark, while XRP blasted 10% after Ripple finally ended its long-running legal tussle with the US SEC. The crypto market is breathing a sigh of relief after weeks of sell-offs as the Fed kept rates unchanged. Meanwhile, Donald Trump is already calling for cuts.
Arthur Hayes calls the $77K Bitcoin bottom
The former CEO of BitMEX, Arthur Hayes in an X post stated that Jerome Powell has delivered and suggests that Quantitative Tightening will likely end on April 1. He added that the next thing we need to get bulled up for is either SLR exemption or a restart of QE.
After QT, now the focus will shift toward future actions like the Supplemental Leverage Ratio exemption. This could free up more capital for banks and the market can look for Quantitative Easing, where the Fed buys assets to increase the money supply.
Hayes added that Bitcoin at $77K was probably the bottom in the current cycle. He mentioned that the stock market might have more pain left to fully convert Jay to team Trump so stay nimble and cashed up. He advised the investors to remain flexible and prepared.
JAYPOW delivered, QT basically over Apr 1. The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE.
Was $BTC $77k the bottom, prob. But stonks prob have more pain left to fully convert Jay to team Trump so stay nimble and cashed up.
— Arthur Hayes (@CryptoHayes) March 20, 2025
After dealing with bulging selling pressure, Bitcoin finally knocked off the green index for a longer time frame. BTC price is up by over 3% in the last 7 days but still remains down by 10% in the past 30 days. Bitcoin is trading at an average price of $86,112 as of press time. Its 24-hour trading volume is up by 55% to stand at $37 billion.
Coinglass data shows that around $135 million worth of long and short bets set on BTC price got liquidated in the last 24 hours. More than $105 million worth of liquidated positions (78%) turned out to be short bets. This suggests that traders were expecting BTC price to drop, but the market optimism turned positive.
Fed holds rates, Trump demands cuts
The Fed has kept rates steady but slashed growth projections through 2027. Traders are now pricing in a softer economy ahead. On the other hand, Trump is on Truth Social demanding rate cuts ASAP. He wrote that the ”Fed would be MUCH better off CUTTING RATES as US Tariffs start to transition (ease!) their way into the economy.” Trump announced that April 2 is Liberation Day in America.
Earlier, Arthur Hayes asked whether the Fed will provide clarity on when or if it will stop QT. He added, “will the re-arming of the EU paid for with printed EUR overwhelm the near-term negative fiscal impulse of the US?”
Altcoins are making moves too. Ethereum jumped by 3% while Solana (SOL) and Dogecoin (DOGE) are up by more than 5%. UNI surged 8% after token holders approved a $165 million foundation fund. The fresh Fed announcement has eventually improved the market sentiment. The fear and greed index stands at Neutral with 49 points.
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