Bitcoin could hit $110K before $76.5K retest as Fed's back to pumping liquidity: Arthur Hayes

Key Takeaways

• Arthur Hayes predicts Bitcoin will rise to $110,000 before retracing to $76,500.
• The expected price surge is based on a shift in Federal Reserve's monetary policy from QT to QE.

The Fed’s money-printing shift may fuel Bitcoin’s price surge.

BitMEX co-founder Arthur Hayes predicts that Bitcoin will blow past $110,000 before pulling back to $76,500 as the central bank switches from tightening to easing—which could inject liquidity into the market and drive up the digital asset’s price.

“I bet $BTC hits $110k before it retests $76.5k. Y? The Fed is going from QT to QE for treasuries,” Hayes wrote on X on Sunday.

Hayes dismisses the potential negative impact of tariffs on Bitcoin’s price. He believes that inflation is ‘transitory’.

Markus Thielen, 10X Research founder, also projects potential Bitcoin rebounds. The analyst wrote in a March 23 report that Bitcoin’s price may have reached its lowest point in the recent downturn and is poised for a recovery.

According to him, the Fed’s dovish stance on inflation and Trump’s flexibility on tariffs are two catalysts that could alleviate market concerns and potentially boost investor confidence.

“The Fed signaled it might look past short-term inflationary pressures, laying the groundwork for potential future easing,” he stated.

Thielen reported that the relaxed political climate and favorable economic forecasts have turned Bitcoin’s indicators bullish.

The analyst also noted supporting factors like Bitcoin holders’ behavior and ETF performance. Thielen believes Bitcoin won’t enter a deep bear market because large Bitcoin holders are likely long-term investors.

Elsewhere, the return of inflows to US-based spot Bitcoin ETFs is seen as a positive sign, indicating reduced selling pressure from arbitrage-focused investors.

Data from Farside Investors shows that US-listed spot Bitcoin ETFs collectively took in around $744 million in net inflows last week. BlackRock alone attracted approximately $537 million in new investments.

While bullish, Thielen acknowledges the lack of a “clear catalyst” for an immediate parabolic rally.

Bitcoin was trading at approximately $87,000 at press time, up 3.5% in the last 24 hours, per CoinGecko. The total crypto market cap surged slightly to $2.9 trillion.