TechFlow news — Arthur Hayes, co-founder of BitMEX, posted on X expressing a bearish outlook on Bitcoin's future price, predicting it will fall below $40,000.
To position for this, he purchased put options expiring on March 29 with a strike price of $35,000. He anticipates the downward pressure on Bitcoin may persist until the U.S. Treasury's quarterly refinancing announcement on January 31. According to Binance market data, BTC is currently trading at $40,480.38.




