Former BitMEX CEO Arthur Hayes announced the closure of his short position on the leading cryptocurrency, securing a 3% profit. He anticipates that bitcoin might experience an upswing in the coming week.
Closed my $BTC short, made 3% profit, enough to cover my food and bar tab for KBW. With Bad Gurl Yellen watching mrkts and releasing a weekend statement, if stuff continues to puke next week $BTC *MIGHT* rise anticipating more $ liq.
— Arthur Hayes (@CryptoHayes) September 8, 2024
«Закрыл мой шорт по биткоину с прибылью 3%. Этого достаточно для покрытия моих расходов на еду […]», — написал Хэйес.
According to him, digital gold might surge in anticipation of an influx of dollar liquidity. As one factor, the expert also mentioned a statement by US Treasury Secretary Janet Yellen.
As reported by CNBC, she described the American economy as robust and healthy, noting its movement towards a “soft landing” without significant layoffs instead of a recession.
Earlier, on September 6, Hayes announced the opening of a short on bitcoin. At that time, he reaffirmed his forecast for the leading cryptocurrency to decline to $50,000, specifying that prices could reach this level by the upcoming weekend.
However, this did not occur. On the night of Saturday, September 7, digital gold tested the $53,000 level but soon recovered above $54,000.