PANews reported on November 24th that Arthur Hayes stated that the Federal Reserve's quantitative tightening (QT) is expected to end on December 1st, and this Wednesday may be the final reduction in its balance sheet; according to data, US banks expanded credit in November. He believes that Bitcoin will continue to fluctuate below $90,000 in the short term, or may even drop to the low $80,000 range, but expects $80,000 to provide support. He suggests considering small-scale position building, while reserving the main position for deployment next year.