2024

Bitcoin

Arthur

<ul class="news-points"> 
 <li><strong>According to Arthur Hayes, co-founder of BitMEX crypto exchange, Bitcoin looks “Mad Heavy.”</strong></li> 
 <li><strong>Hayes predicted that BTC would dump if it broke below $40,000 support.</strong></li> 
 <li><strong>At a current price of $40,720, Bitcoin has lost over 17% from its highest price this month.</strong></li> 
</ul> 
<p>According to Arthur Hayes, co-founder of the BitMEX crypto exchange, Bitcoin looks “Mad Heavy.” In a recent post on X (formerly Twitter), Hayes predicted that the flagship cryptocurrency would dump if it broke below $40,000 support.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> 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'? <a href="https://t.co/lyjqNmldzh" target="_blank" rel="nofollow">pic.twitter.com/lyjqNmldzh</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1749376713446809808?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 22, 2024</a>
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<p>In the post, Hayes highlighted that he went long on BTC on March 29, 2023, with $35,000 in strike puts. However, he thinks the pioneer crypto would dump into the upcoming U.S. Treasury quarterly refunding announcement, expected to happen on January 31, 2024.</p>    
<p>At a current price of $40,720, Bitcoin has lost over 17% from its highest price this month. The flagship c…</p>
<p>The post <a href="https://coinedition.com/bitcoin-looks-mad-heavy-could-dump-if-it-breaks-below-40k-arthur-hayes/">Bitcoin Looks “Mad Heavy,” Could Dump If It Breaks Below $40K: Arthur Hayes</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Looks “Mad Heavy,” Could Dump If It Breaks Below $40K: Arthur Hayes

Coin Edition

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