COINOTAG News reports that Arthur Hayes, in his latest piece Love Language, argues that the Fed’s Reserve Management Purchases (RMP) function as a new form of quantitative easing (QE). He contends liquidity will be re-released and fiat risk could rise, potentially benefiting the crypto complex, with Bitcoin leading the upside. His macro-to-crypto framing highlights liquidity-policy links.

Hayes pins a near-term BTC range of $80,000–$100,000, then asserts that RMP equals QE, which could propel Bitcoin toward $124,000 and possibly to $200,000 on a rapid rally. He sees a peak sentiment around March next year, followed by a pullback, with a floor likely above $124,000.

While staying broadly bullish, Hayes executed a notable transfer of 508.647 ETH (about $1.5 million) to Galaxy Digital during yesterday’s rebound, a move interpreted as rebalancing rather than a distress signal.