BitMEX founder Arthur Hayes shared his investment strategy while stating that the declines in Bitcoin (BTC) may continue until the end of the month.
Arthur Hayes dated 22 January in your postHe mentioned that Bitcoin could maintain its downward momentum. 40 thousand dollars support Pointing out that it may break in a short time, the experienced name said that these declines Until US Treasury repayments on January 31 He predicted it could continue.
Making it clear that he is not standing idle in the face of all these declines, Hayes said: Put option with a strike price of $35,000 due on March 29 He stated that he received:
Bitcoin looks extremely heavy. I think we lost $40,000. I bought a put option with a strike price of $35,000 due on March 29. I think we’ll continue to decline until U.S. Treasury repayments are due on January 31st.
According to this statement, Hayes said that the price would be lowered until March 29. You can see below 35 thousand dollars or at least took a position that it would approach that price band.
According to CoinGecko data, in the last 24 hours 2.3% Bitcoin losing value at the time of writing from $40,779 is being traded.