“Why Did BitMEX Founder Arthur Hayes Choose to Exit Before the Halving and Announce the Liquidation of Altcoin Holdings?”

"Why Did BitMEX Founder Arthur Hayes Choose to Exit Before the Halving and Announce the Liquidation of Altcoin Holdings?"

"Why Did BitMEX Founder Arthur Hayes Choose to Exit Before the Halving and Announce the Liquidation of Altcoin Holdings?"

Entering the Market before Bitcoin Halving

Arthur Hayes stated that although the Bitcoin block reward halving event on April 20th is considered a significant bullish factor in the cryptocurrency market, he believes that the price dynamics before and after the halving may tend to decline in the medium term. Arthur Hayes wrote:

Considering that the halving is happening during a period of relatively tight USD liquidity (US tax deadline and Federal Reserve balance sheet reduction), this undoubtedly adds more catalysts to the selling pressure of crypto assets, further solidifying the decision to “suspend trading before May.” Arthur Hayes admitted that positions such as MEW, SOL, and NMT have all been profitable and exited. These funds have been deposited into Ethena’s USDe and staked to earn substantial returns.

Arthur Hayes emphasizes that the market could definitely surprise him, but he remains bullish on cryptocurrencies in the long term. Therefore, he is happy to see his predictions go wrong, as he does not want to worry about the most speculative altcoins while dancing at the Token2049 event in Dubai.

Arthur Hayes advises investors to proceed cautiously in April and deploy boldly after May. If one can avoid the potential loss risks in April, there will be ample ammunition in May to establish various cryptocurrency positions and enjoy the benefits of a bull market. Finally, Arthur Hayes concludes by saying: