{"id":69512,"date":"2024-01-22T08:49:26","date_gmt":"2024-01-22T12:49:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=69512"},"modified":"2024-01-22T08:50:07","modified_gmt":"2024-01-22T12:50:07","slug":"arthur-hayes-predicts-btc-to-dump-below-40000","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/arthur-hayes-predicts-btc-to-dump-below-40000\/","title":{"rendered":"Arthur Hayes Predicts BTC to Dump Below $40,000"},"content":{"rendered":"\n

BitMEX co-founder Arthur Hayes<\/a> predicts Bitcoin (BTC) price will fall below $40,000, $200 for Solana (SOL), and $5000 for Ethereum until the US Treasury's quarterly refunding announcement.<\/p>\n\n\n\n

\"Arthur
Arthur Hayes Predicts BTC to Dump Below $40,000<\/figcaption><\/figure>\n\n\n\n

In a January 22 post, billionaire Arthur Hayes, co-founder of BitMEX, expresses his pessimistic outlook on Bitcoin.<\/p>\n\n\n\n

Arthur Hayes, co-founder of BitMEX, predicted the price of Bitcoin on Monday: “I believe we will surpass $40k.” In addition to a long-term bearish forecast of (ETH), the shift in sentiment is a reaction to the forthcoming quarterly refunding announcement by the United States Treasury\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

Hayes remarked, “BTC appears absurdly heavy.” I believe we have surpassed $40k. I went long $35k strike puts on March 29. He further stated that the price of Bitcoin will continue to plummet until January 31, when the U.S. Treasury announced its quarterly refund. <\/p>\n\n\n\n

Bearish remarks by U.S. Treasury Secretary Janet Yellen could further depreciate the price of Bitcoin, but the market is awaiting a paradigm shift in momentum.<\/p>\n\n\n\n

In a prior post today, Arthur Hayes stated that SPX and BTC “ceased rising in tandem after the US BTC ETF<\/a>.” He foreshadows liquidity issues in the markets as investors await significant macro announcements.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The price of Bitcoin continued to decline following Arthur Hayes's post, reaching $40,027. At the moment, the price is $80.822. The respective 24-hour minimum and high prices are $40,364 and $41,855, respectively. Additionally, the trading volume over the past twenty-four hours has increased by 72%, indicating traders' interest.<\/p>\n","protected":false},"excerpt":{"rendered":"

BitMEX co-founder Arthur Hayes predicts Bitcoin (BTC) price will fall below $40,000, $200 for Solana (SOL), and $5000 for Ethereum until the US Treasury’s quarterly refunding announcement. In a January 22 post, billionaire Arthur Hayes, co-founder of BitMEX, expresses his pessimistic outlook on Bitcoin. Arthur Hayes, co-founder of BitMEX, predicted the price of Bitcoin on […]<\/p>\n","protected":false},"author":12,"featured_media":69517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[5561,7607,2087,18006],"class_list":["post-69512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-btc-2","tag-arthur-hayes","tag-bitmex","tag-price-dump"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/01\/image-97.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/69512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=69512"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/69512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/69517"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=69512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=69512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=69512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}