Arthur Hayes calling continued $BTC upside.

His thesis? US Treasury buybacks are the real liquidity unlock everyone's sleeping on.

While retail chases narratives, Hayes is watching TGA flows and bond market mechanics.

If Treasury starts aggressive buybacks = more dollars flooding the system = risk-on for crypto.

This isn't hopium. It's macro.

Keep your eyes on:
• TGA balance trends
• Fed liquidity injections
• Treasury buyback announcements

When traditional finance prints, crypto eats first.