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Epic BTC Price Prediction Given by Arthur Hayes as Bitcoin ETF Nears

At the same time, he suggests that this correction could potentially escalate to a more substantial 30% to 40% if U.S.-listed spot Bitcoin ETFs commence trading.

In his essay, BitMEX founder articulates his trading strategy, expressing confidence in his ability to time the market. He plans to make a strategic move in late February, attempting to capitalize on what he believes will be the peak of the .

Hayes is cautious about the impact of massive fiat inflows into Bitcoin ETFs, warning of a potential dollar liquidity “rug pull.” This concern leads him to delay any purchases until after the March decision dates. He emphasizes the need to select a strike price for the put options carefully, aiming for 20% to 25% out of the money based on the current at-the-money quarterly June futures contract price.

With central banks flooding the market with printed money and the imminent launch of U.S.-listed and Hong Kong-listed spot Bitcoin ETFs, Hayes sees the current market sentiment as overly bullish. He highlights the importance of taking a non-consensus view, suggesting that the risks and rewards from a trading perspective favor a more cautious approach.

This article was originally published on U.Today


Source: Cryptocurrency - investing.com

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