BitMEX co-founder Arthur Hayes expressed a pessimistic view on the future price trend of Bitcoin (BTC) in social media comments. Based on a Bitcoin price chart he shared, Hayes said Bitcoin looks very heavy and believes its price will fall below $40,000. As a result, he has started to short sell and purchased put options with a strike price of $35,000 expiring on March 29. Hayes further speculated that Bitcoin's decline may continue until the US Treasury Department's quarterly refinancing announcement on January 31.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Arthur Hayes predicts Bitcoin will fall below the $40,000 mark
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
Bitpanda receives broker-dealer license from Dubai Virtual Assets Authority
Bitpanda, headquartered in Vienna, has obtained a broker-dealer license from the Dubai Virtual Asset Regulatory Authority (VARA). -
Deutsche Börse’s Clearstream to Start Offering Bitcoin, Ethereum Custody Services in April
Clearstream, the post-trade division of Deutsche Boerse, announced that it will start providing cryptocurrency settlement and custody services for institutional clients in April this year. -
Citi: Downgrade US stocks to neutral, upgrade China stocks to overweight
Citigroup's strategist has downgraded the rating of the U.S. stock market from overweight to neutral, while upgrading the rating of the Chinese stock market to overweight, citing that "the U.S. exceptionalism has at least been suspended." -
Web3 data and AI company Validation Cloud completes $15 million Series A funding
Web3 data and AI company Validation Cloud announced the completion of a $15 million Series A financing round, led by True Global Ventures, with participation from Cadenza, Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital. It is reported that the company's collateral assets have exceeded $1.5 billion, with clients including Chainlink, Aptos, Consensys, Stellar, and Hedera. The new funds will support its expansion in the areas of blockchain intelligence, AI data, and more. -
David Sacks: The U.S. government’s premature sale of Bitcoin has cost U.S. taxpayers more than $17 billion
White House AI and cryptocurrency chief David Sacks posted on social media, "The early sale of Bitcoin by the US government has cost American taxpayers over $17 billion. Now, the federal government will develop a strategy to maximize the value of its Bitcoin holdings." -
David Sacks: The U.S. government will not acquire other crypto assets for strategic reserves except for confiscated assets
White House AI and cryptocurrency chief David Sacks posted on social media that President Trump's executive order also established the U.S. Digital Asset Reserve, which includes digital assets other than Bitcoin confiscated in criminal or civil litigation. In addition to assets obtained through confiscation procedures, the government will not acquire other assets for the reserve assets. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury Department. -
Forbes reporter: Trump's executive order will establish two types of digital asset storage mechanisms
Forbes reporter Eleanor Terrett wrote on X platform that Trump's executive order will establish two different digital asset storage mechanisms: Bitcoin Strategic Reserve and Digital Asset Reserve. The Bitcoin Strategic Reserve will contain approximately 200,000 BTC obtained through criminal and civil forfeitures, with the government authorized to explore ways to acquire more bitcoin without increasing the taxpayer burden. The Digital Asset Reserve will include other digital assets such as XRP, ADA, ETH, and SOL, but the government will not actively seek to purchase these assets. The executive order also requires a comprehensive audit of all digital assets held by the government. According to David Sacks, the purpose of the reserves is "responsible management of government digital assets by the U.S. Treasury Department." -
Hong Kong SAR Legislative Council Member Wu Jiezhuang: Hong Kong does not have an official currency
Hong Kong Legislative Councilor Wu Jiezhuang said that Hong Kong does not have an official currency. Some citizens and Web3 practitioners have asked me about someone impersonating the Chief Executive to post on the X platform that they will launch the Hong Kong Coin on the Solana chain (launch of the National Hong Kong Coin). The government has sternly clarified that the information is absolutely false and intentionally deceptive. Please remember to be careful and not to mislead and fall victim to fraud. -
Trump: Japan can no longer devalue the yen, it is unfair to the United States
US President Trump said on Monday local time that he told the Japanese leader that they cannot continue to devalue their currency because it is unfair to the US. -
The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.
Title: Electronic Cash Without a Trusted Third Party
Daily Must-Read
-
Rethinking Ownership, Stablecoins, and Tokenization from First Principles
-
Crypto Giants Seek Congressional Clarity on US Money Transmitter Rules
-
Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years
-
Ripple will drop cross-appeal in SEC case, get refund from lower court ruling
-
TRUMP Token Pops 12% After U.S. President Calls it 'The Greatest of Them All'
-
Gov’t can realize gains on gold certificates to buy Bitcoin: Bo Hines
All Comments