**[Arthur Hayes: Stealth Quantitative Easing May Drive Bitcoin Bull Market]** BitMEX founder Arthur Hayes stated on November 4 that the U.S. Treasury and Federal Reserve might initiate "Stealth Quantitative Easing (Stealth QE)," which could serve as a catalyst for a new round of growth in Bitcoin and the crypto market. The expansion of U.S. government spending and the issuance of Treasury bonds face challenges such as insufficient private savings rates. The Federal Reserve injects cash into the market through the Standing Repo Facility (SRF), effectively acting as a form of quantitative easing. Hayes predicts that with the increase in global dollar liquidity, Bitcoin and the crypto market may enter a bull market cycle. He advises investors to preserve capital and wait for the rebound opportunities following the launch of Stealth QE.