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BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

    Market Signals: Insights from Financial Data & Social Media Trends – 12.10.2024 16:28

    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

    Bitcoin Whale Sells $46 Million Amid Price Drop

    BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down – Here’s His Price Target

BitMEX founder Arthur Hayes predicts Bitcoin will drop below $40,000 as US Treasury announcement looms. He believes the upcoming Treasury announcement will lead to market correction and questions Bitcoin's correlation with the S&P 500. Despite the initial decline, Hayes expects Bitcoin to rebound before the Federal Reserve meeting. Investors should consider the risks associated with high-risk investments like Bitcoin.

by John Darbie
Mon, Jan 22, 2024 11:58pm
in Bitcoin
• 2 mins read
14.8k
BitMEX Founder Arthur Hayes Predicts Bitcoin Will Print New Leg Down - Here's His Price Target | FinOracle

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Arthur Hayes Predicts Bitcoin Drop Below $40,000 as US Treasury Announcement Looms

Bitcoin (BTC) put option purchased by BitMEX founder

Arthur Hayes, the founder of BitMEX, has announced that he has purchased a Bitcoin put option with a strike price of $35,000, expiring on March 29. In a post on the social media platform X, Hayes expressed his belief that Bitcoin is currently looking “heavy” and will likely drop below the $40,000 mark. He attributes this potential drop to the upcoming U.S. Treasury announcement at the end of the month, which will detail Treasury auctions and the new debt to be issued.

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