Arthur Hayes: Extreme market weakness may occur in April, with increased liquidity driving a cryptocurrency bull market after May
2024-04-09 00:01:09
On April 9th, Arthur Hayes, co-founder of BitMEX, predicted in his latest blog post "Heatsave" that US taxation will remove market liquidity from mid April to early May, and coupled with the Federal Reserve's continued balance sheet tightening, the market may experience extreme weakness. But starting from May 1st, a new round of cryptocurrency bull market is expected to begin as the Federal Reserve slows down its pace of balance sheet tightening and the US Treasury Department uses funds to stimulate the market.
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