Arthur Hayes: $77,000 is likely the bottom, the current market needs a real bullish signal.

On March 20, Arthur Hayes posted on social media that Powell has indicated that quantitative tightening (QT) will essentially end on April 1. Next, the market needs a real bullish signal, either a supplemental leverage ratio (SLR) exemption or a restart of quantitative easing (QE). Bitcoin's $77,000 may be the bottom, which is highly likely. However, stocks may have more room to fall in order to fully allow Powell to turn to support the Trump team, so stay flexible and hold cash.

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