Crypto Isn’t Topping Yet: Arthur Hayes Says Stealth QE Is Near

Crypto Isn’t Topping Yet: Arthur Hayes Says Stealth QE Is Near - Coin Surges

Arthur Hayes argues that the next leg of the crypto cycle will be driven not by a headline pivot to quantitative easing, but by a “stealth” version executed through the Federal Reserve’s Standing Repo Facility (SRF). In a new essay titled “Hallelujah” published on November 4, 2025, the former BitMEX CEO lays out a balance-sheet-driven case that persistent US fiscal deficits, hedge-fund demand for Treasuries financed via repo, and the Fed’s need …

Crypto Isn’t Topping Yet: Arthur Hayes Says Stealth QE Is Near

Arthur Hayes argues that the next leg of the crypto cycle will be driven not by a headline pivot to quantitative easing, but by a “stealth” version executed through the Federal Reserve’s Standing Repo Facility (SRF). In a new essay titled “Hallelujah” published on November 4, 2025, the former BitMEX CEO lays out a balance-sheet-driven... The post Crypto Isn’t Topping Yet: Arthur Hayes Says Stealth QE Is Near appeared first on Daily Truth Report …

BTC And ETH Revisit Support Amid Liquidity Shift, Analyst Says Market Poised For Expansion

Major divergences in the crypto market are colliding with a sudden shift in macro liquidity, and one prominent on-chain analyst says what’s happening now looks less like distribution and more like a pressure build-up before a new move. “Major divergences are playing out across the board. BTC and ETH are both retesting key demand zones as liquidity indicators flip — TGA near peak, QT nearing completion, RRP drained, and global easing underway. Th…

Arthur Hayes Says ‘Stealth QE’ Is The BTC Catalyst Markets Aren’t Pricing Yet

Hayes says heavy U.S. Treasury issuance combined with tight liquidity and rising SOFR, may force the Fed into “stealth QE” He argues balance-sheet expansion, not halving cycles, is what historically lifts Bitcoin. If stealth liquidity hits via SRF or repos, BTC could front-run the next macro easing wave. Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom, published a new essay arguing that the next Bitcoin bull run will be driven by U.S. do…