Arthur Hayes: Closed Out BTC Short Position, Gained 3%
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September 8, 2024
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BitMEX Co-Founder Arthur Hayes Closes BTC Short Position, Expecting Price Rise
Arthur Hayes, co-founder of BitMEX, posted on X (formerly Twitter) that he has closed his Bitcoin short position, netting a 3% profit. He expects more dollar liquidity to enter the market next week following Treasury Secretary Janet Yellen's focus on the market and weekend statement, which could potentially lead to a Bitcoin price increase.
On September 6th, Hayes had posted on social media, "Expect Bitcoin to break below $50,000 this weekend," and subsequently took a short position.
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