Former BitMEX CEO Predicts “Monster Alt Season” as Markets Turn Bullish
Just a few weeks ago, Hayes was warning that the U.S. Treasury’s efforts to rebuild its cash balance at the Fed, known as the TGA refill, could pressure risk assets by draining liquidity from the market, dampening short-term sentiment. But the crypto market’s sharp move higher this week appears to have invalidated those fears. “I was slightly bearish in my last essay due to TGA refill. What changed? $BTC busted through ATH on good volume,” he wrote.