
Arthur Hayes predicts Bitcoin dip to $70K before soaring to $250K in 2025
The former BitMEX CEO mentions macro signals as indicators of an imminent correction, before the market resumes an upward movement.

Read BitMEX news covering derivatives trading, exchange updates, legal developments, market strategy, and institutional crypto products.

The BitMEX co-founder noted that the SEC's ETF cash creation model would mean new opportunities for traders.

Notably, long traders on the crypto market lost nearly $150 million during the past day.

BitMEX said the transactions are not expected to impact users’ trading activities.

Comparing the crypto-margined and cash-margined futures open interest reveals a discrepancy that has never been higher, indicating a growing preference for stability and risk mitigation in the market.

In a thought-provoking blog post, the former BitMEX CEO explores the potential interplay between AI and cryptocurrencies.

Bitcoin (BTC) dropped below two psychological price barrier in the last 24 hours to liquidate $66.14 million long positions.