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TechFlow news — Arthur Hayes, co-founder of BitMEX, stated on X that since the launch of spot Bitcoin ETFs in the United States, the price movements of Bitcoin (BTC) and the S&P 500 Index (SPX) are no longer rising in sync. Bitcoin's downward trend may signal future issues with dollar liquidity.
He also emphasized that the next key event to watch is the U.S. Treasury's refinancing announcement on January 31.
Arthur Hayes, co-founder of BitMEX, stated on X that since the launch of spot Bitcoin ETFs in the United States, the price movements of Bitcoin (BTC) and the S&P 500 Index (SPX) are no longer rising in sync. The downward trend in Bitcoin may signal future issues with dollar liquidity. He also emphasized that the next key date to watch is January 31, when the U.S. Treasury will announce its refinancing plan.
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