According to BlockBeats, on November 16, BitMEX founder Arthur Hayes posted on social media that "Since the beginning of November, as the reverse repurchase (RRP) balance held by the New York Fed has declined and the balance of the U.S. Treasury General Account (TGA) has not changed, nearly $200 billion in liquidity has been injected (into the market). Risk assets such as Bitcoin and cryptocurrencies will continue to soar."