Hayes predicted that the Bitcoin price would stay low until January 31.
As investors wait for key macro developments, he predicts liquidity issues in the markets.
The co-founder of BitMEX, Arthur Hayes, recently predicted that Bitcoin prices would go under $40,000 in a fresh forecast made on Monday. The approaching US Treasury quarterly refunding statement and a long-term projection of $5,000 for Ethereum (ETH) and $200 for Solana (SOL) have both contributed to the shift in mood. On January 22, the crypto exchange co-founder and billionaire expressed his pessimistic view on Bitcoin in a twitter post.
In addition, he predicted that the Bitcoin price would stay low until January 31, when the United States Treasury will reveal its quarterly refunding announcement. US Treasury Secretary Janet Yellen’s unfavorable comments have the potential to drive down the price of Bitcoin even more, but the community is still waiting for a significant change in momentum.
Liquidity Issues
After the U
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