Arthur Hayes expects Bitcoin to remain weak until the Federal Reserve or banks expand their balance sheets. The .USDLIQ dollar liquidity index reached 32.71 million on November 2, a 4.49% increase since January. However, the index remained about 0.6% below October's peak. Hayes sold about $22.28 million in cryptocurrency from Maelstrom's directional portfolio days after an October 15 bullish call and confirmed plans to stay out of the market.