BitMEX co-founder predicts that BTC will plummet before and after the Bitcoin halving. Hayes posits that the USD’s liquidity will be constrained during this period, resulting in high crypto-selling pressures. Explaining a general trend in the market, he points out that when a majority thinks of an outcome, the opposite happens. The pioneer cryptocurrency, Bitcoin, […]
The post Will BTC Dip Before and After Halving? BitMEX Co-Founder Narrates appeared first on Coin Edition.
- BitMEX co-founder predicts that BTC will plummet before and after the Bitcoin halving.
- Hayes posits that the USD’s liquidity will be constrained during this period, resulting in high crypto-selling pressures.
- Explaining a general trend in the market, he points out that when a majority thinks of an outcome, the opposite happens.
The pioneer cryptocurrency, Bitcoin, has been experiencing fluctuations and volatility over the past few weeks amidst anticipations of the upcoming Bitcoin halving. BitMEX co-founder Arthur Hayes, in a recent blog post titled “Heatwave,” predicted that Bitcoin will plummet before and after the halving event.
Though Bitcoin experienced a bullish rally following the Spot Bitcoin ETF launch in January 2024, surging past its previous all-time high of $69k and setting a new all-time high of $73,700, it plummeted to $65k at the onset of April. While analysts share different perspectives on Bitcoin’s trajectory concerning the halving event, Hayes believes…
The post Will BTC Dip Before and After Halving? BitMEX Co-Founder Narrates appeared first on Coin Edition.
