Arthur Hayes Predicts if Bitcoin Breaks 20K Levels, Massive Sell Pressure Is Expected.
15 Jun 2022, 08:00
Arthur Hayes Predicts if Bitcoin Breaks 20K Levels, Massive Sell Pressure Is Expected
BitMEX founder and CEO of 100x Arthur Hayes has some ominous news for those in the market. Hayes tweeted on June 14 that the market would see a further sell-off, if BTC sinks below $20,000 and ETH below $1,000. He believes that breaching those levels would result in massive sell pressure, after having looked at options data from the Deribit exchange.
Here we go … 1/Looking at onchain data for $wBTC and $ETH, the liquidations have mostly happened. Data visualization from @parsec_finance