#BTC #PEPE‏ 🗣️ Trump, MOVE, and Bitcoin: How One Avalanche Can Enrich Us All — Arthur Hayes Macro Recap

Arthur Hayes compares recent market chaos to triggering an avalanche — and believes we’ve just seen BTC’s local bottom.

• Trump’s early-April tariff scare cracked markets: stocks fell, MOVE hit 172, BTC dropped to $74.5K

• Within days, tariffs were scaled back, the Fed signaled support, and Treasury’s Bessent floated bond buybacks

• Hayes says this revealed the threshold for intervention — and how liquidity gets injected

Buybacks ≠ QE, but close: Swapping new Treasuries for old frees up RV capital, reduces volatility, and steadies yields. Not infinite liquidity, but enough to reset the market short term.

It mirrors Q3 2022: panic, quiet liquidity, BTC rally. Now Bessent plays the same game — different tools, same effect.

Next catalyst: May 1 Treasury QRA — bigger issuance = more liquidity = risk-on.

Altseason setup: After BTC reclaims $110K, high-yield altcoins with real holder value will follow.

Crypto wins either way.