BitMEX Arthur Hayes believes that the end of the bull market will be in mid-March
In his new essay, former BitMEX CEO Arthur Hayes expressed confidence that the market will reach its peak in mid-March.
Now, according to Hayes, it is the right time to increase risks in the market. However, to avoid missing out on profits, it is better to secure gains before April. Taxes and tightening liquidity may cause a correction.
The expert explains his forecast by macroeconomic factors, particularly a strong dollar. Due to the reduction in RRP balances and TGA expenditures, the liquidity volume will increase by $612 billion.
RRP is a tool of the U.S. Federal Reserve that allows the central bank to attract short-term money from financial markets.
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