TechFlow reports that Arthur Hayes, co-founder of BitMEX, predicts that despite the general belief that the Bitcoin halving is positive for cryptocurrency prices, price volatility before and after the event could turn negative. Due to tighter U.S. dollar liquidity than usual, the halving may fuel selling pressure in crypto assets. As a result, he has decided to avoid trading before May.
He stated he is not directly shorting the market but has closed profitable positions on several low-quality coins and meme coins. From now until May 1st, he will remain out of the market and plans to return in May, positioning himself ahead of the real bull run.
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