Arthur Hayes, co-founder of BitMEX, has encouraged Bitcoin enthusiasts to stay focused and highlighted an increase in U.S. dollar liquidity. He believes that as dollar liquidity rises, the price of Bitcoin will also increase. Hayes shared a chart showing the net changes in reverse repurchase agreement (RRP) and treasury general account (TGA) balances, suggesting a possible link between dollar liquidity and the BTC price. Crypto analyst dharmafi provided more specific figures, indicating a significant net liquidity surge of $106 billion since November 21. This rise in liquidity has raised questions about its potential effects on various asset classes, including cryptocurrencies. Meanwhile, United States Treasury Secretary Janet Yellen has urged cryptocurrency exchanges to comply with regulations to operate within the U.S. financial system.