Arthur Hayes: The downward trend of Bitcoin may indicate problems with dollar liquidity
BitMEX co-founder Arthur Hayes expressed his views on the divergence trend between Bitcoin (BTC) and the SP 500 Index (SPX) on social media. He pointed out that since the launch of the spot Bitcoin ETF in the United States, their trends no longer rise synchronously. Hayes stated that Bitcoin's downward trend may indicate future issues with dollar liquidity. He also emphasized that the next point of interest is the U.S. Treasury Department's refinancing announcement on January 31st.
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