Arthur Hayes, co-founder of BitMEX, stated that he views Bitcoin as “on sale” after the cryptocurrency dropped to a four-month low near $104,000. Hayes said that if the ongoing U.S. regional banking instability escalates into a broader financial crisis, it could trigger a stimulus-driven rebound in $BTC
making the current dip a potential buying opportunity.
while Hayes’ timing could appeal to opportunistic investors, the wider market remains cautious. With significant outflows from Bitcoin ETFs and a large transfer of coins from miners to exchanges, the sentiment remains mixed. The viability of this “buy-the-dip” thesis will depend on catalytic events, such as banking shocks or renewed institutional participation.
#Cryptonews #BitcoinInvestment #Crypto #BitcoinCrash #Asiantradetv
#WriteToEarnSkill
BNB
896.79
-2.54%
BTC
92,468.88
-1.65%
