BitMEX co-founder Arthur Hayes remains unfazed by Bitcoin’s (CRYPTO: BTC) recent correction, viewing it as part of a natural cycle in a bull market. He believes macroeconomic forces will determine the next major move.
What Happened: In a post on X on Tueday, Hayes urges investors to stay patient, expecting Bitcoin to find support around $70,000—a standard 36% retracement from its $110,000 all-time high.
He predicts a major stock market crash and the failure of a key financial institution before central banks step in with liquidity easing.
For traders, he …
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