🚨 Arthur Hayes’ Bitcoin Liquidity Trigger Hasn’t Fired Yet
Arthur Hayes is watching the Fed’s FIMA Repo Facility, where foreign institutions can borrow dollars against their U.S. Treasury holdings.
Hayes believes raising or removing the current $60B cap could unlock significant dollar liquidity and potentially become bullish for Bitcoin.
But there’s one major problem:
📌 Latest foreign-official repo usage: $0
A rule change alone doesn’t create liquidity. The real signal will come when foreign institutions actually start drawing dollars against Treasuries.
No borrowing = no liquidity trigger yet.
#Bitcoin #BTC #Fed #Liquidity #crypto
Arthur Hayes is watching the Fed’s FIMA Repo Facility, where foreign institutions can borrow dollars against their U.S. Treasury holdings.
Hayes believes raising or removing the current $60B cap could unlock significant dollar liquidity and potentially become bullish for Bitcoin.
But there’s one major problem:
📌 Latest foreign-official repo usage: $0
A rule change alone doesn’t create liquidity. The real signal will come when foreign institutions actually start drawing dollars against Treasuries.
No borrowing = no liquidity trigger yet.
#Bitcoin #BTC #Fed #Liquidity #crypto