On May 2nd, BitMEX co-founder Arthur Hayes expressed optimism about the trend of Bitcoin in his latest blog post titled "May Danger". Hayes analyzed in detail the potential impact of recent changes in US monetary policy on the crypto market.

Hayes pointed out that the Federal Reserve decided to reduce the pace of balance sheet contraction from $95 billion per month to $60 billion per month, which essentially adds $35 billion in liquidity to the market each month. At the same time, the US Treasury revealed in its latest quarterly report on borrowing and repayment that it will issue short-term bonds with maturities of 4 weeks, 6 weeks, and 8 weeks to meet funding needs by the end of May. This move is expected to bring additional US dollar liquidity to the market. Hayes also mentioned that after the bankruptcy of Republic First Bank, a small US bank, the FDIC used insurance funds to ensure the interests of all depositors in order to avoid a run on deposits. This means that the US authorities have effectively added $6.7 trillion in contingent liabilities to the entire banking system.

Hayes believes that these factors will continue to inject US dollars into the market, alleviate downward pressure on cryptocurrencies, and push Bitcoin to stabilize and rebound in the coming months. He predicts that Bitcoin may have bottomed out around $58,600 and will return to above $60,000, and then consolidate in the range of $60,000-$70,000 until the end of the summer in the northern hemisphere. He also revealed that he is bullish on the rebound trend and is currently accumulating high-beta tokens such as SOL at low prices.