• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Arthur Hayes Closes Bitcoin Short Position with 3% Profit Amid Janet Yellen’s Expected Statements

user avatar

by Giorgi Kostiuk

10 months ago


  1. Closing the Short Position
  2. Anticipated Statement from Janet Yellen
  3. Current Market Situation

  4. BitMEX co-founder Arthur Hayes announced on Twitter that he closed his short position in Bitcoin (BTC) with a 3% profit. This move comes as US Treasury Secretary Janet Yellen is expected to make a major statement on the market over the weekend, which could lead to an increase in Bitcoin's value.

    Closing the Short Position

    Earlier this week, Hayes predicted that Bitcoin could fall below $50,000 over the weekend and took a short position based on that expectation. However, Bitcoin has since rebounded from its monthly lows and most recently rose above $54,000. Hayes decided to close his position earlier today, citing the possibility that Bitcoin could gain value following Yellen's upcoming statements.

    Anticipated Statement from Janet Yellen

    US Treasury Secretary Janet Yellen plans to make a significant statement regarding the market this weekend. It is expected that this could lead to an influx of US dollar liquidity next week, subsequently driving up Bitcoin prices.

    Current Market Situation

    The decline observed in all markets, including traditional markets, last week came amid growing fears of a potential US recession. Despite Hayes' initial predictions, Bitcoin has shown signs of recovery.

    Arthur Hayes concluded his short position in Bitcoin, citing potential price increases following Janet Yellen's statements. While Bitcoin has shown recovery signs, markets remain volatile amidst macroeconomic factors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.