2024-01-22 10:52:18
BitMEX co-founder Arthur Hayes wrote in the evening that Bitcoin may fall below $40,000.
(Previous summary: Arthur Hayes: Are Bitcoin spot ETFs really a good thing?)
(Background supplement: The U.S. 401(k) retirement plan wants to buy Bitcoin spot ETF! Arthur Hayes warns: Too successful will destroy BTC)
BitMEX co-founder Arthur Hayes has attracted much attention in the cryptocurrency field for his incisive views and unique writing style. Just around 06:20 tonight (22), he posted on X:
BTC looks very heavy. I think we will see a drop below $40,000 (Bitcoin).
I bought some $35,000 puts expiring on March 29th. I think the market will fall sharply ahead of the Treasury Department’s quarterly tax refund announcement on January 31st.
$BTC looks mad heavy. I think we break $40k. I went long some 29Mar $35k strike puts. I think we dump into the 31Jan US Treasury qtly refunding annc. Is Janet Yellen or Talkin’? pic.twitter.com/lyjqNmldzh
— Arthur Hayes (@CryptoHayes) January 22, 2024
BTC falls below $40,500
At the time Arthur Hayes published the article, the spot price of Bitcoin fell to as low as $40,364 on Binance. It seems to have rebounded briefly and is now trading at $40,572 at the time of writing. Will it really fall below the $40,000 mark in the future as Hayes said? It remains to be verified over time.
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Tags: Arthur HayesBitMEX co-founderBitcoin
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