Arthur Hayes predicts that Bitcoin will fall below the $40,000 mark
BitMEX co-founder Arthur Hayes expressed a pessimistic view on the future price trend of Bitcoin (BTC) in his social media comments. According to the Bitcoin price chart he shared, Hayes said that Bitcoin looks "very heavy" and believes its price will fall below the $40,000 mark. As a result, he has started shorting and purchased put options expiring on March 29 with an exercise price of $35,000. Hayes further speculated that the decline in Bitcoin might continue until January 31 when the U.S. Treasury Department announces its quarterly refinancing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Analyst: The current macro environment is similar to the pandemic period, and bitcoin still has room to rise
Trending news
MoreCrypto prices
More
