Arthur Hayes Predicts Bitcoin Could Drop to $70,000 Due to ETF Outflows
The price of the leading cryptocurrency could fall to $70,000 if hedge funds liquidate positions in spot exchange-traded funds (ETFs) based on it, according to former BitMEX CEO Arthur Hayes. #Bitcoin goblin town incoming:Lots of $IBIT holders are hedge funds that went long ETF short CME future to earn a yield greater than where they […]