Arthur Hayes: Bitcoin is impacted by the liquidity shock of the US dollar, and Ethereum will outperform Bitcoin after optimizing its structure

Chain Catcher news, BitMEX founder Arthur Hayes expressed his views on the current market. He stated that the dollar liquidity index explains Bitcoin's recent movements well. Bulls are concerned about the Bitcoin price at $17,500, and whether it can hold this line entirely depends on the momentum trajectory of the dollar liquidity index.

Additionally, Arthur believes that although it has only been a week since the Ethereum merge, the network is currently running smoothly. He still believes that the structural reduction in ETH supply will lead to better performance in the later stages compared to Bitcoin. (Source link)