{"id":12376,"date":"2024-04-09T10:37:02","date_gmt":"2024-04-09T07:37:02","guid":{"rendered":"https:\/\/forklog.com\/en\/arthur-hayes-predicts-bitcoin-volatility-around-halving-event\/"},"modified":"2024-04-09T10:37:02","modified_gmt":"2024-04-09T07:37:02","slug":"arthur-hayes-predicts-bitcoin-volatility-around-halving-event","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arthur-hayes-predicts-bitcoin-volatility-around-halving-event\/","title":{"rendered":"Arthur Hayes Predicts Bitcoin Volatility Around Halving Event"},"content":{"rendered":"<p>In the medium term, the halving is a bullish catalyst for the crypto market. However, prices may decline immediately before and after the event, according to former BitMEX CEO Arthur Hayes.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">&#8220;Heatwave&#8221; is an essay on why I&#8217;m bearish despite the recent move higher in <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> markets.<a href=\"https:\/\/t.co\/gZ8Vl1uC04\">https:\/\/t.co\/gZ8Vl1uC04<\/a> <a href=\"https:\/\/t.co\/fH6docB499\">pic.twitter.com\/fH6docB499<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1777524500872966230?ref_src=twsrc%5Etfw\">April 9, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The narrative that halving the block reward will positively impact cryptocurrency prices is firmly entrenched. When most market participants agree on a certain outcome, the opposite usually happens,&#8221; the expert stated.<\/p>\n<\/blockquote>\n<p>He noted that in the second half of April, the market will face a reduction in dollar liquidity. The reasons will be the tax payment season, the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed&#8217;s<\/span> policy of quantitative tightening (QT), and the strengthening of the Treasury&#8217;s balance sheet.<\/p>\n<p>This factor will serve as an additional impetus for a &#8220;fierce sell-off in cryptocurrencies,&#8221; Hayes believes.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Can the market challenge my bearish tendencies and continue to rise? Hell yes. I&#8217;ve been in crypto for a long time, so I welcome being wrong,&#8221; he admitted.<\/p>\n<\/blockquote>\n<p>The expert expects that after May 1, the Fed will slow the pace of QT, and the Treasury will likely inject an additional $1 trillion of liquidity into the system, which will boost the markets.<\/p>\n<p>Hayes added that the &#8220;set of tricks&#8221; from regulators only strengthened his decision to refrain from trading bitcoin until the aforementioned date.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;If I miss a few percentage points of profit but definitely avoid losses to my portfolio and lifestyle, that&#8217;s an acceptable outcome,&#8221; the trader stated.<\/p>\n<\/blockquote>\n<p>He reported that he &#8220;realized full profit&#8221; on positions in MEW, SOL, and NMT, which he invested in USDe from Ethena for staking.<\/p>\n<p>Earlier, the DeFi project implemented Hayes&#8217;s ideas in the mechanism of its &#8220;synthetic dollar.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the medium term, the halving is a bullish catalyst for the crypto market. However, prices may decline immediately before and after the event, according to former BitMEX CEO Arthur Hayes. &#8220;Heatwave&#8221; is an essay on why I&#8217;m bearish despite the recent move higher in #crypto markets.https:\/\/t.co\/gZ8Vl1uC04 pic.twitter.com\/fH6docB499 \u2014 Arthur Hayes (@CryptoHayes) April 9, 2024 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,1146,1138],"class_list":["post-12376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12376"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12375"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}