Arthur Hayes Forecasts ’Up Only’ Bitcoin Surge Following TGA Target Milestone

Bitcoin's trajectory just got a major bullish endorsement from one of crypto's most watched voices.

Hayes Sees Green Lights Ahead

Arthur Hayes, never one to mince words, predicts Bitcoin's path is now clear for serious upside. His reasoning hinges on that TGA target hit—a classic macro catalyst that tends to send digital assets climbing.

No Looking Back

Forget sideways action or painful drawdowns. According to Hayes, we're entering a phase where resistance levels crumble and momentum builds on itself. It’s the kind of market where hesitation costs more than aggression.

Of course, in traditional finance, they’re probably still trying to short it—some things never change.

Ready or not, here it comes.

Analysts react to liquidity thesis

Not all market observers agree.

André Dragosch, European head of research at Bitwise, pushed back against the view that net liquidity strongly correlates with bitcoin prices. Dragosch stated:

“Net liquidity has a loose correlation to Bitcoin at best, though. Think that is a useless banana in my view.”

Despite skepticism, many traders are watching for signs of increased liquidity, especially as the U.S. Federal Reserve moves into a rate-cutting cycle.

Federal Reserve initiates rate cuts

On Wednesday, the Federal Reserve cut interest rates by 25 basis points, marking its first reduction since 2024.

Following the announcement, Bitcoin’s price briefly dipped below $115,000 in a “sell-the-news” move.

Market participants such as Coin Bureau’s Nic Puckrin noted that the cut was likely priced in ahead of the decision.

Market expectations for further cuts

According to Chicago Mercantile Exchange data, 91.9% of traders now expect an additional rate cut of up to 50 basis points at the Federal Open Market Committee’s next meeting in October.

Federal Reserve Chairman Jerome Powell signaled that committee members remain divided on the outlook for further reductions.