Arthur Hayes: Don't rush to bottom-fish; wait for the Fed's liquidity before adding positions
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Arthur Hayes: Don't rush to bottom-fish; wait for the Fed's liquidity before adding positions
BitMEX co-founder Arthur Hayes posted, "Be patient. BTC could bottom around $70,000. A 36% pullback from the all-time high of $110,000 is very normal during a bull market." Hayes expects the stock market (S&P 500 and Nasdaq) to enter a free-fall phase, with traditional financial institutions facing difficulties. Subsequently, the Fed and central banks worldwide will fully shift to accommodative policies, which will be the best time to increase positions. "Traders will try to catch the bottom; if you're more risk-averse, you can wait until central banks ease policies before acting."
Navigating Web3 tides with focused insightsTechFlow news — On March 11, Arthur Hayes, co-founder of BitMEX, posted: "Be patient. BTC could find a bottom around $70,000. A 36% pullback from the all-time high of $110,000 is very normal within a bull market."
Hayes expects the stock market (S&P 500 and Nasdaq) to enter a free-fall phase, putting traditional financial institutions under stress. Subsequently, the Federal Reserve and central banks worldwide will shift comprehensively toward accommodative policies, creating the optimal timing for increasing positions.
"Traders will try to catch the bottom. If you're more risk-averse, you can wait until central banks ease policies before deploying more capital. You might miss the absolute low, but you also won't suffer psychological pain from prolonged sideways movement and potential unrealized losses."
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