Arthur Hayes: Entered SOL and Doge, Bitcoin to fluctuate between sixty to seventy thousand
BitMEX founder Arthur Hayes, who accurately predicted the cryptocurrency downturn in early April, reminds everyone that the bull market will continue after experiencing a pullback. He mentioned that he has entered positions in SOL and Dogecoin, and will allocate Pendle as a long-term junk coin position. He also predicts a rebound in Bitcoin, fluctuating between $60,000 and $70,000 before August.
Arthur Hayes: Has taken profits on SOL and meme coins, waiting to shine in May
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US Invisible Money Printing Policy
Hayes mentioned the US invisible money printing policy again in his article, including the announcement by the Federal Reserve at the meeting on 5/1 to slow down the pace of quantitative easing from $950 billion per month to $600 billion per month, effectively increasing the US dollar liquidity by $350 billion per month.
Note: The Federal Reserve will begin slowing the pace of balance sheet reduction in June, reducing the monthly reduction of bonds from $600 billion to $250 billion, while maintaining the existing monthly cap of $350 billion for the redemption of mortgage-backed securities (MBS).
Furthermore, Hayes also closely monitors the US Treasury Quarterly Refunding Announcement (QRA) released quarterly by the US Department of the Treasury to observe the government's financing situation.
Purchased SOL, DOGE, and Pendle
Hayes stated that he has purchased Solana (SOL) and Dogecoin (DOGE) for momentum trading positions. For long-term positions in altcoins, he plans to increase his allocation in Pendle and other tokens that are "on sale."
Pendle Finance's on-chain interest derivatives market perfects LRT capital efficiency.
Hayes's Bitcoin Price Prediction
Hayes believes that Bitcoin has already touched a local low of around $58,600 and will rebound to above $60,000, then fluctuate between $60,000 and $70,000 until August.
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