Arthur Hayes: I firmly believe we are still in a bull cycle, and as such, the bottom at worst will be the previous cycle’s all-time high of $70,000. One positive liquidity dollar signpost is that the US Treasury General Account is declining, which acts as a liquidity injection. We will be cautiously nibbling on dips using no leverage.

Arthur Hayes: I firmly believe we are still in a bull cycle, and as such, the bottom at worst will be the previous cycle’s all-time high of $70,000. One positive liquidity dollar signpost is that the US Treasury General Account is declining, which acts as a liquidity injection. We will be cautiously nibbling on dips using no leverage. 
https://cryptohayes.substack.com/p/kiss-of-death