Hayes, who warned of $50,000 for Bitcoin, closed his short position
BitMEX founder Arthur Hayes, who recently warned that Bitcoin could fall below $50,000, announced that he closed his short position.
Arthur Hayes, one of the billionaire founders of BitMEX, wrote that he closed his short position in Bitcoin. Hayes, who stated that he made a 3 percent profit from his position, stated that Bitcoin could gain upward momentum due to expectations that dollar liquidity would increase.
Hayes also drew attention to the statement made by US Treasury Secretary Janet Yellen yesterday that things were going well in the economy and that a soft landing had been achieved. Yellen said, “It was truly incredible to be able to meaningfully reduce inflation while maintaining strong growth. This is what many call a soft landing.”
Hayes had recently written that Bitcoin could fall below $50,000 and that he had opened a short position accordingly. The BitMEX founder, who has apparently given up on this idea, said, “Bitcoin is under great pressure. It is moving slowly. I opened a trade for the weekend at a price below $50,000. A risky and tactless short position. Pray for me. I am a risk-taking degen.” Bitcoin fell to $52,550 on Friday and rose to $54,770 today.
