## Federal Reserve's Latest Move: Why RMP Could Be the New QE Catalyst for Bitcoin

Arthur Hayes recently shared his market analysis, highlighting a critical insight about the Federal Reserve's Reserve Management Purchase program. According to his perspective, the RMP represents a modern iteration of quantitative easing—essentially pumping fresh liquidity back into the financial system. This shift carries significant implications: if fiat currency faces renewed devaluation pressure, alternative stores of value like Bitcoin and the broader crypto ecosystem stand to gain considerably.

The near-term price action tells an interesting story. Bitcoin is currently trading around $92.61K, navigating within the $80,000-$100,000 range as markets digest this policy shift. However, Hayes believes this is just the opening act. Once mainstream investors connect the dots between RMP and QE, his analysis suggests Bitcoin could reclaim $124,000 and potentially accelerate toward $200,000 in a bull run scenario.

**The Timeline and Market Sentiment**

Hayes' roadmap indicates that sentiment peaks may arrive around March of next year, followed by a healthy pullback. Yet even during corrections, the floor is expected to hold above $124,000—a level that's become psychologically significant in recent bull cycles. This perspective underscores his conviction that the macro backdrop remains supportive for digital assets.

**A Notable Move Behind the Scenes**

Interestingly, despite maintaining a bullish stance on crypto, Hayes executed a significant transaction yesterday: transferring 508.647 ETH (approximately $1.5 million at current prices around $3.20K per ETH) to Galaxy Digital during a market rebound. This move has sparked speculation about potential liquidation, suggesting that even prominent crypto advocates occasionally take profits or rebalance positions at strategic moments.

The RMP-QE narrative continues to shape market sentiment, with Bitcoin's path forward hinging on whether broader market participants recognize this policy connection.