比特幣（BTC）價格不太可能很快重新審視$ 77,000的價格：Arthur Hayes

Bitmex聯合創始人Arthur Hayes表示，比特幣不太可能在美聯儲表示定量緊縮（QT）放緩後不久就重新審視$ 77,000的價格水平。

Benzinga - BitMEX co-founder Arthur Hayes said that Bitcoin (BTC) is unlikely to revisit the $77,000 price level anytime soon after the Federal Reserve signaled a slowdown in quantitative tightening (QT).

Benzinga -Bitmex聯合創始人亞瑟·海斯（Arthur Hayes）表示，比特幣（BTC）不太可能在美聯儲表示定量擰緊放緩（QT）後不久就會重新審視77,000美元的價格水平。

“Was BTC $77k the bottom, prob,” Hayes said in a March 20 X post.

海耶斯在3月20 x的帖子中說：“ BTC的底部為77,000美元。”

After noting that the QT is “basically over,” Hayes was referring to the Fed's March 19 announcement that it will be slowing down its securities sell-off.

在指出QT“基本上已經結束”之後，海耶斯指的是美聯儲3月19日的宣布，它將減慢其證券拋售。

The central bank is planning to reduce the monthly Treasury cap from $25 billion to $5 billion and the agency mortgage-backed securities purchase to zero from $12 billion starting April.

中央銀行計劃將每月財政上限從250億美元減少到50億美元，而該機構抵押支持的證券從4月開始就從120億美元減少到零。

This comes as the crypto market has been reacting to the macroeconomic climate, especially in the wake of the last two interest rate decisions.

這是因為加密市場一直對宏觀經濟氣候做出反應，尤其是在最後兩個利率決策之後。

According to CoinMarketCap data, Bitcoin dipped to nearly $77,000 on March 10 for the first time since November.

根據CoinMarketCap數據，自11月以來，3月10日，比特幣首次下跌至近77,000美元。

Bitcoin is 3.53% over the past seven days. Image Credit: Benzinga

在過去的七天中，比特幣為3.53％。圖片來源：本辛加

This could help to ease some of the liquidity pressures and provide support for risk assets like Bitcoin, as QT involves central banks selling assets to reduce the money supply and possibly raise interest rates.

這可能有助於緩解一些流動性壓力，並為比特幣等風險資產提供支持，因為QT涉及中央銀行出售資產以降低貨幣供應並可能提高利率。

“The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE,” Hayes added.

海斯補充說：“我們需要為皇家造成的下一件事是SLR豁免或重新啟動量化寬鬆。”

The Supplementary Leverage Ratio (SLR) exemption was a temporary rule during the COVID-19 pandemic that allowed banks to exclude U.S. Treasury securities from their SLR calculations.

補充槓桿比率（SLR）的豁免是COVID-19大流行期間的臨時規則，允許銀行從其SLR計算中排除美國財政證券。

It was enacted in March 2020 and later extended several times before expiring on March 27.

它是在2020年3月制定的，後來延長了幾次，然後於3月27日到期。

Meanwhile, quantitative easing (QE) is a monetary policy that aims to stimulate the economy and encourage more spending. It usually involves a central bank injecting money into the financial system by buying up government bonds or other securities.

同時，定量寬鬆（QE）是一項貨幣政策，旨在刺激經濟並鼓勵更多的支出。它通常涉及中央銀行通過購買政府債券或其他證券將資金注入金融體系。

Another crypto analyst, Real Vision's chief crypto strategist Jamie Coutts, also expressed a similar sentiment.

另一位加密分析師，Real Vision的首席加密戰略家Jamie Coutts也表達了類似的觀點。

"QT is effectively dead. Treasury volatility has abated massively following the USD sell-off and we're now seeing the bulk of the internals improve again: e.g., preferentials are out of the dumps and high yield is starting to stabilize," Coutts said in a March 19 X post.

Coutts在3月19日的職位上說：“ QT實際上已經死了。國庫的波動率在售罄後大大減輕了，我們現在看到大部分內部質量再次改善：例如，優先選擇不在垃圾箱中，高收益率開始穩定。”

He added that this is a "huge plus" for boosting liquidity and ultimately helping to support the market.

他補充說，這是提高流動性並最終幫助市場的“巨大優勢”。

Other optimists included Axie Infinity (AXS) co-founder Jeff "JiHo" Zirlin, who said the Fed slowdown is "great for both crypto and equity markets."

其他樂觀主義者包括Axie Infinity（AXS）聯合創始人Jeff“ Jiho” Zirlin，他說，美聯儲的放緩對加密市場和股票市場都非常有用。

"The Fed has significant leeway to loosen up, providing more support for businesses + markets."

“美聯儲有明顯的餘地，可以放鬆，為企業 +市場提供更多支持。”

Bitcoin venture capitalist Mark Moss also pointed out that with QT coming to an end, "the dam is going to break."

比特幣風險資本家馬克·莫斯（Mark Moss）還指出，隨著QT即將結束，“大壩將要破裂”。