- Arthur Hayes predicts Bitcoin to reach $110,000 soon, expecting a Federal Reserve policy shift to quantitative easing as a major catalyst.
- Bitcoin trading volume surged 74 percent with rising futures activity, supported by strong institutional buying and ETF inflows throughout the week.
- Metaplanet purchased 150 more BTC, raising its total to 3,350 BTC, while Eric Trump joined its board to expand Bitcoin acquisition plans.
Former BitMEX CEO Arthur Hayes has stated that Bitcoin may soon reach $110,000 before pulling back to the $76,500 zone. He linked this potential move to expectations that the US Federal Reserve will switch from its current quantitative tightening strategy to a more accommodative stance through quantitative easing.
Hayes believes the anticipated shift in monetary policy would help propel Bitcoin prices. He also dismissed concerns about new US trade tariffs, describing the impact as short-lived. His remarks follow his earlier suggestion that Bitcoin may have found a bottom near $77,000, which he views as a strong base for further upward movement.
BTC sees strong market activity
Bitcoin traded at $86,758 during early Monday trading, marking a 3.17 percent daily gain. Trading volumes surged by 74 percent, reaching $16.69 billion, indicating increased buying interest. According to Coinglass, Bitcoin futures open interest climbed 7.79 percent to over $56 billion, while short liquidations exceeded $50 million in the past 24 hours.
The market now turns its attention to upcoming economic data. The Federal Reserve is set to release the US Core Personal Consumption Expenditures (PCE) index for February. Forecasts suggest a slight rise in the index from 2.6 percent to 2.7 percent. This inflation metric is considered a key indicator for the Fed’s monetary decisions.
Besides macroeconomic triggers, institutional inflows have continued to lift Bitcoin. US spot Bitcoin ETFs registered inflows for six consecutive trading days last week, pointing to renewed investor confidence. This trend reflects sustained demand despite recent market fluctuations.
Corporate investments increase BTC demand
Additionally, corporate buyers have intensified their positions. Japanese firm Metaplanet acquired another 150 BTC on Monday, bringing its total holdings to 3,350 BTC. The company disclosed an investment of $12.6 million at an average price of $83,801 per coin. Its cumulative BTC investment now stands at $278.8 million.
Metaplanet recently added Eric Trump to its board of advisers to enhance its Bitcoin strategy. Meanwhile, MicroStrategy’s executive chairman Michael Saylor hinted at more BTC acquisitions. These moves signal continued confidence from firms with large Bitcoin exposure.
