Bitcoin halving is imminent, and the market experienced a major cleanout over the weekend. Arthur Hayes, the founder of BitMEX, who was bearish on April, has now turned bullish. However, some voices still believe that the true bottom has not been reached yet.
Summary:
Bitcoin halving is approaching, and the market has completed a major cleanout over the weekend. Arthur Hayes, the founder of BitMEX, has switched from bearish to bullish on April, but some voices still believe that the true bottom has not arrived yet.
Background:
Is Bitcoin at the bottom? Analyst: Whales borrowing money to buy indicates the beginning, holdings increase by over 170,000 BTC in March.
Table of Contents:
The Four Bull Kings: GCR, Arthur Hayes, Chris Burniske, Matt Hougan
GCR: Hold spot, don’t surrender!
Arthur Hayes: Bottom is here, charge!
Chris Burniske: You dare to liquidate before halving???
Matt Hougan: Mere interest rates are not a concern!
Bearish player: 10x Research
Risk Warning
With only a few days left until Bitcoin’s fourth halving, the top “whale leaders” have different predictions for the future market.
The bulls generally believe that the darkest moment has passed. The unexpected CPI and the delay in rate cuts have not been able to stop Bitcoin’s upward trend. The recent adjustments have mainly been due to temporary liquidity being drawn away due to tax filing dates. On the other hand, the bears believe that the unexpected and sustained inflation has put risk assets on the edge of a significant correction…
In the following text, we will take stock of the seed players from both the bull and bear sides and their main statements, hoping to help everyone make the right moves in the future market.
The Four Bull Kings: GCR, Arthur Hayes, Chris Burniske, Matt Hougan
GCR: Hold spot, don’t surrender!
After the plunge in the early morning of April 14th, GCR, a legendary trader who had not released any trading statements on social media for a long time (previously shorted DOGE, SHIBA, LUNA at the top), publicly expressed bullish views. This dynamic on X has now been read nearly 9 million times, with over 55,000 likes.
GCR said:
Arthur Hayes: Bottom is here, charge!
Arthur Hayes, co-founder of BitMEX, has long been one of the most influential “whale leaders” in the market. Earlier this month, Arthur predicted that from April 15th to May 1st, the annual US tax filing (April 15th is the tax filing deadline) would drain market liquidity. Coupled with the continuous tapering of the Federal Reserve and the potential for overselling due to the halving event on April 20th, the market may be extremely weak. But starting from May 1st, with the Federal Reserve slowing down the tapering speed and the US Treasury using funds to stimulate the market, a new round of crypto bull market is expected to begin.
With the consecutive days of significant declines, Arthur has also changed his position and started to be bullish.
On April 15th, Arthur posted on X platform:
On April 16th, Arthur said again:
Chris Burniske: You dare to liquidate before halving???
Former ARK Invest crypto head, now Placeholder VC partner, Chris Burniske previously accurately predicted a significant pullback in the market after the approval of ETFs.
After this round of decline, Burniske also repeatedly expressed bullish views.
This morning, Burniske posted:
Later, Burniske also retweeted a post about “you dare to liquidate four days before halving” with a picture of a whale swallowing chips, possibly implying that whales are buying up panic-selling chips at low prices.
Matt Hougan: Mere interest rates are not a concern!
Matt Hougan, Chief Investment Officer of Bitwise (the one on the left in the picture), has always been the representative of the Bitcoin “perma-bulls” active in the social media sphere.
When Bitcoin fell due to unexpected CPI and delayed rate cuts last week, Hougan said:
Bearish player: 10x Research
Compared to the bulls, there are fewer well-known players responding to the bears. Arthur, who was bearish on April, would have been the best representative, but with Arthur turning bullish, the bearish side urgently needs a new flag.
This morning, 10x Research, a well-known institution that was still calling for long positions at 80,000 last week, suddenly announced that they had “liquidated all positions last night”, sparking widespread discussion on social media.
In explaining the logic behind the liquidation, 10x Research stated that the main reason was:
Risk Warning
Finally, it should be emphasized that the above content is a compilation of market predictions from some KOLs who are currently receiving high attention. The predictions and reasons given by the KOLs in the article are their personal opinions. Cryptocurrency investments are highly risky, and please do not easily believe in others’ calls before making any moves. DYOR is essential before making any operations.
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