BitMEX co-founder Arthur Hayes has gained widespread attention in the cryptocurrency space for his in-depth insights and unique writing style. In a recent article, he expressed his views on Bitcoin. He believes that Bitcoin is currently looking very heavy and predicts that the price will fall below $40,000. To bet on this view, he purchased some $35,000 put options with an expiration date of March 29. He believes the market will fall sharply before the U.S. Treasury Department releases quarterly tax refund data on January 31. This point of view has attracted widespread discussion and attention.
BTC fell below $40,500
Just as Arthur Hayes made his remarks, Bitcoin spot experienced a brief decline on the Binance exchange, falling as low as $40,364. However, current data shows that the price of Bitcoin seems to have recovered, and is currently quoted at $40,572. It will take time to verify whether it will fall below the $40,000 mark in the future as Hayes predicted.
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