According to reports, Arthur Hayes, co-founder of a crypto derivatives trading platform, recently published an article analyzing Bitcoin's market performance. He believes that the main culprit behind the weak BTC trend this year is the tightening of US dollar liquidity. The seasoned trader further speculated that the situation might reverse next year. He predicts that by 2026, the US dollar credit environment will experience a new round of expansion— the Federal Reserve's balance sheet is expected to rebound, commercial banks will increase lending, and mortgage rates may gradually decline. Once these conditions are met, risk assets like Bitcoin are expected to benefit and usher in a better market environment.