BitMEX founder Arthur Hayes announced that he closed altcoin positions while expressing that he expected the declines in Bitcoin (BTC) to continue.
Arthur Hayes explained his investment strategy while giving an overview of the cryptocurrency market in his blog post on January 24. Hayes stated that he maintains his bearish expectations for the cryptocurrency market in general, especially Bitcoin. Will not rush to buy he stated.
On the other hand, for Bitcoin 30-35 thousand dollars While saying that the level can act as support Put option with a strike price of $35,000 due on March 29 announced that he received it.
Hayes also emphasized that he disposed of his Solana and Bonk investments at a small loss. If Bitcoin falls below $35,000 “to bottom fishing“The experienced name stated that the market will start long-term upward trend He stated that he believes that he will continue to do so.
Hayes said that these declines were particularly January 31 in history US Treasury repayments While we predict that it will continue until interest rate decisions He also reminded that it will have a great impact on risk markets.