Medium

Bitcoin

Arthur

April

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/arthur-hayes-advises-caution-as-bitcoin-halving-approaches/" data-wpel-link="internal">Arthur Hayes Advises Caution as Bitcoin Halving Approaches</a> 
BitMEX founder Arthur Hayes today shared detailed explanations about the crypto market on his Medium page. Hayes suggests avoiding trading activities both before and after the upcoming <a href="https://en.coin-turk.com/bitcoins-ascent-continues-as-it-gains-wider-acceptance/" data-wpel-link="internal">Bitcoin</a> halving. Let’s take a look at Hayes’s market assessments. 
<h2 style="text-align: justify" id="warning-from-arthur-hayes-as-bitcoin-halving-nears">Warning from Arthur Hayes as Bitcoin Halving Nears</h2> 
Bitcoin halving is expected to occur on April 20th. This event is seen as fuel for potential rises in the cryptocurrency market. However, according to Hayes, this is only valid for the medium term. Investors should be cautious before and after the Bitcoin halving. Hayes emphasizes the following about the price: 
<blockquote> 
 “I agree that the Bitcoin halving will lead to a price increase in the medium term. However, the price movement just before and after may be negative. The notion that halving is positive for crypto prices has become well-established. When most market participants agree on a certain outcome, usually the opposite happens. Therefore, I believe that Bitcoin and crypto prices in general will fall during the halving.” 
</blockquote> 
Hayes especially notes that the halving is occurring at a time when dollar liquidity is tighter than usual, which could mean a rapid sell-off for cryptocurrencies. The timing of the halving adds more weight to his decision to avoid trading until May. 
<h2 style="text-align: justify" id="he-also-gave-details-on-his-altcoin-positions">He Also Gave Details on His Altcoin Positions</h2> 
Hayes also disclosed his moves in the crypto market by sharing information about his altcoin positions. He mentioned that he has made significant profits from positions in MEW, <a href="https://en.coin-turk.com/solana-price-analysis-will-sol-coins-decline-continue-what-investors-should-pay-attention-to/" data-wpel-link="internal">SOL</a>, and NMT, and that he has invested his profits in Ethena’s USDe, staking them to earn returns. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-298378 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/hayes-cointurk.jpg" alt="" width="1200" height="628"> 
Hayes, questioning whether the market can “continue to rise against my bearish tendencies,” responds with “Absolutely yes. I always hold crypto for a long time, so I welcome being wrong.” 
Finally, Hayes indicates that if a scenario of dollar liquidity happens and the market falls, he may invest more in cryptocurrencies known as shitcoins. This approach is indicative of Hayes’s willingness to make risky decisions in the crypto market. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/arthur-hayes-advises-caution-as-bitcoin-halving-approaches/" data-wpel-link="internal">Arthur Hayes Advises Caution as Bitcoin Halving Approaches</a></h5>

Arthur Hayes Advises Caution as Bitcoin Halving Approaches

Table of Contents

COINTURK NEWS

Другие статьи, опубликованные 9 апр. 2024 г.

The Sandbox (SAND) Price Prediction April 2024, 2025, 2026, 2030, 2040 – 2050

JPMorgan to Retain its 2000 AI Professionals

Reviving the CHIPI Dream: How CHIPIDAO Is Taking $CHIPI to the Moon 🚀

BitMEX Co-founder Anticipating Surge In BTC Amid Bitcoin Halving

SEC Postpones Ruling on Bitcoin ETF Spot Options: Full Details Revealed

Machine learning algorithm sets Terra Classic price for April 30, 2024

Join our free newsletter for daily crypto updates!