Founder of BitMEX Arthur Hayes, Bitcoin He made significant adjustments to his cryptocurrency portfolio, expressing his belief in certain support levels for .
BitMEX Founder Arthur Hayes Adjusts His Portfolio, Predicts Bitcoin Support Levels
Hayes stated that he believes Bitcoin will find support in the $30,000 to $35,000 range. In response to this perspective, it took a proactive stance to protect its investments and take advantage of potential market movements.
Hayes announced that he purchased $35,000 in options on Bitcoin on March 29, 2024, to hedge against potential downside risks. This strategic move demonstrates a cautious approach to market conditions and a readiness to manage potential volatility.
In accordance with his new strategy, Hayes solana And in Bonk He announced that he sold his trading positions.
Although these positions were exited at a slight loss, this decision appears to be part of a broader strategy to reallocate capital and manage risk.
Hayes announced his intention to buy the dip if Bitcoin falls below the $35,000 support level.
This strategy involves strategically entering the market at what is perceived as the bottom of a price decline in order to take advantage of potential upside movements.
*This is not investment advice.
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