Arthur Hayes Blames Bitcoin’s 25% Slide on a Sudden Liquidity Contraction

Arthur Hayes has said Bitcoin’s drop from record highs has tracked a decline in his USD Liquidity Index, with ETF basis trades and DAT flows having masked underlying stress, and has suggested future stimulus decisions by the Trump administration could steer the next phase.
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Billionaire Michael Saylor’s Strategy Adds $835.6M in Bitcoin at $102K Average

Strategy, the bitcoin-focused holding company led by billionaire Michael Saylor, has expanded its already-massive BTC position with another substantial purchase during the week of November 10 to November 16, according to a regulatory filing released today.
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Bitcoin Slips Below $95k: 10x Research Maps The Reset While ETF Outflows Bite

Bitcoin has slid from early-November levels near $110,000 to trade around $96,000, with fear-zone sentiment, nearly $1 billion in ETF outflows and weaker spot depth aligning with 10x Research’s Bear Market Watch and a reset phase that now turns on liquidity, funding and flows.
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