Arthur Hayes: The downward trend of Bitcoin may indicate potential issues with US dollar liquidity
On January 22nd, BitMEX co-founder Arthur Hayes expressed his views on the divergence between Bitcoin (BTC) and the SP 500 index (SPX) trends on social media. He pointed out that since the launch of Bitcoin ETF in the United States, their trends are no longer synchronized in an upward direction. Hayes stated that the downward trend of Bitcoin may indicate potential liquidity issues in the future. He also emphasized that the next significant time point to pay attention to is January 31st when the U.S. Treasury Department announces refinancing plans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: A user bought 6,000 ETH put options when ETH fell below $4,300 in the early morning
The Federal Reserve may cut interest rates by 25 basis points in September, signaling the start of an easing cycle.
Market News: The Hong Kong SAR government is preparing for the third issuance of digital bonds
Trending news
MoreCrypto prices
More
