Overview

• Arthur Hayes, BitMEX co-founder, expects Bitcoin and other cryptocurrencies to slump around the upcoming halving event.
• Hayes attributes the anticipated downturn to tight U.S. dollar liquidity, influenced by tax payments, the Federal Reserve's Quantitative Tightening, and the Treasury General Account's balance.
• Despite a year-to-date increase in Bitcoin's value, Hayes advises caution and has sold off some of his crypto holdings for a stablecoin yield.
• Hayes plans to abstain from trading until May, anticipating a better market condition for a bullish run.
• Market analysts remain optimistic, forecasting a potential rally post-May despite Hayes' cautionary stance.