19% p.a.
binanceservices-ethusdt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. 19 Days active 410 …
tickers: BTC-USD
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| BTC-USD | positively | The ticker BTC-USD is likely to be positively affected by investor patience and strategic trading during market volatility, as advised by Arthur Hayes. The decentralized nature of Bitcoin and its 24/7 trading availability, coupled with its role as a leading indicator for macroeconomic shifts, can attract investors looking for stable assets during economic uncertainty. |
our strategies and bots using these tickers
summary
Arthur Hayes: ‘Be Patient’ — Bitcoin’s 36% Correction Is Just Another Bull Market Move
Bitcoin, the flagship cryptocurrency, has experienced a 36% correction from its recent highs, retreating from a peak of $110,000. Arthur Hayes, the co-founder of BitMEX, attributes this downward trend to natural market corrections, matching patterns in previous bull markets. Hayes, predicts Bitcoin will find its next support level at approximately $70,000, promoting market liquidity, above all else, investors must stay prudent. Hayes also notes invester sentiment was deeply affected as Bitcoin trended downward. " Be patient," Hayes advises, urging investors to consider macroeconomic forces and upcoming liquidity events from major central banks. Macroeconomics could shift Bitcoin prices, amid stock valuations, up or down, depending on how central banks mitigate a perceived internet bubble. He adds that Bitcoin’s true value lies in its decentralized nature and 24/7 trading availability, contrasting with stocks’ weekday trading and frequent government interventions. Hence, Bitcoin remains a leading indicator for both stock market rallies and downturns, during liquidity crises, offering investors a front-row seat into macroeconomic turbulence. Hayes, recently pointed out an open market feature of Bitcoin markets, such as massive volatility stemming from significant open interest, highlighting the levels between $70,000 and $75,000. Increasing volatility signals for buy/sell opportunities for traders to capitalize on Bitcoin’s price action. However, this volatility typically comes down to derivatives. Some bitcoiners were hopeful the cryptocurrency will reclaim the $78,000 level, while also observing key support at $75,000. Moreover, with volatility increasing investors must decide to remain on the sidelines, or trade amidst the price action.
