Arthur Hayes, co‑founder of Bitmex, noted initial signs of improved dollar liquidity and expects bitcoin to trade sideways between $90 000 and $80 000.

Market signals cited by Hayes

Hayes pointed to the Federal Reserve’s plan to end quantitative tightening on 1 December and to a rise in bank lending in the United States during November as evidence of easing dollar stress.

On this basis he foresees a consolidation phase for BTC, with the asset oscillating in the stated range while broader liquidity dynamics continue to evolve.

Risk and trading guidance

He allows for a potential sharp intraday dip toward $80 000, but expresses confidence that this level will hold as a support area in the near term.

Hayes recommends gradually increasing positions when dips occur but advises preserving larger capital deployments until after the turn of the year.

Context for investors

The view links macro liquidity conditions and bank lending flows to bitcoin price behaviour, implying that changes in funding and credit availability could influence short‑term ranges.

Market participants should monitor central bank announcements and lending statistics to assess whether the anticipated sideway trading and support at $80 000 remain intact.