Epic BTC Price Prediction Given by Arthur Hayes as Bitcoin ETF Nears By U.Today

U.At this time – Because the crypto neighborhood eagerly awaits the choice on the by Jan. 10, former BitMEX CEO has made a daring prediction in his newest essay, titled “Signposts.” Hayes foresees a major correction for within the close to future, ranging between 20% to 30%.

On the similar time, he means that this correction may doubtlessly escalate to a extra substantial 30% to 40% if U.S.-listed spot Bitcoin ETFs begin buying and selling.

In his essay, BitMEX founder articulates his buying and selling technique, expressing confidence in his skill to time the market. He plans to make a strategic transfer in late February, making an attempt to capitalize on what he believes would be the peak of the .

Hayes’ plan

To hedge towards potential losses, crypto entrepreneur intends to buy put choices with a June 28 expiry date. Regardless of the upper value of longer expiries, Hayes believes the lowered premium decay justifies the expense.

Hayes is cautious concerning the affect of large fiat inflows into Bitcoin ETFs, warning of a possible greenback liquidity “rug pull.” This concern leads him to delay any purchases till after the March resolution dates. He emphasizes the necessity to choose a strike worth for the put choices rigorously, aiming for 20% to 25% out of the cash based mostly on the present at-the-money quarterly June futures contract worth.

With central banks flooding the market with printed cash and the upcoming launch of U.S.-listed and Hong Kong-listed spot Bitcoin ETFs, Hayes sees the present market sentiment as overly bullish. He highlights the significance of taking a non-consensus view, suggesting that the dangers and rewards from a buying and selling perspective favor a extra cautious strategy.

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