Arthur Hayes, in his latest article, warns investors to hold their capital carefully as the market may be volatile until the American government ends the shutdown. He explains that the lack of liquidity — due to the absence of new money pumping before the start of “covert quantitative easing” — is the main reason the cryptocurrency market is currently weak.
Hayes stated that this period of instability and stagnation could lead many traders to mistakenly believe that Bitcoin has peaked and rush to sell. However, he emphasized that the 4-year cycle since Bitcoin's historic peak in 2021 is approaching — usually a preparation phase for a new growth surge. According to him, the fear and short-term volatility are just a natural adjustment before new liquidity flows back into the market.