Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Arthur Hayes: The market is expected to plummet around January 20, and Maelstrom will reduce its position in advance

Arthur Hayes: The market is expected to plummet around January 20, and Maelstrom will reduce its position in advance

CointimeCointime2024/12/18 05:11
By:Cointime

On December 18th, BitMEX co-founder and Maelstrom Chief Investment Officer Arthur Hayes stated at the end of his latest article that the cryptocurrency market will experience a painful crash around January 20th, 2025, before entering the collapse stage of the bull market. Maelstrom (Arthur Hayes' fund) will reduce some positions in advance and hope to buy back at a lower price at some point in the first half of 2025. Arthur Hayes added, "If the market forcibly breaks through around January 20th, we will also admit our prediction error and get back on board after licking our wounds."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

How OpenAI cemented its place on a rocky road in 2024

Share link:In this post: OpenAI had a challenging journey in marking itself as a prominent force in Artificial Intelligence. However, major milestones and other setbacks occurred for the company in 2024. This happened because CEO Sam Altman returned to help save the company.

Cryptopolitan2024/12/25 01:11

Majority of businesses are still at early stages of AI maturity: MIT study

Share link:In this post: Authors of the study categorized stages of AI advancement into four, with the majority of firms still in the initial stages. The study analyzed 721 companies at different stages of AI advancement. Companies become AI future-ready in the final stage.

Cryptopolitan2024/12/25 01:11

DeFi security sees a 40% drop in losses as CeFi faces a $694M surge in breaches

Share link:In this post: DeFi crypto hacks account for about 20.4% of all crypto hacks in 2024, while CeFi’s adds up to 30%. CeFi losses have increased to $694 million in 2024. Access control exploits accounts for the loss of over $1.7 billion.

Cryptopolitan2024/12/25 01:11

5 crypto predictions for 2025

These 5 crypto prophecies put Nostradamus to shame

Blockworks2024/12/25 01:00