Arthur Hayes Predicts Bitcoin Support Between $30K-$35K, Adjusts Portfolio

Arthur Hayes, the founder of BitMEX, has recently revamped his crypto portfolio, indicating his confidence in specific support levels for Bitcoin. He believes that Bitcoin will stabilize in the range of $30,000 to $35,000. Acting on this belief, he has actively adjusted his investments to both safeguard his assets and leverage possible market shifts.

On March 29, 2024, Hayes chose to buy Bitcoin options worth $35,000, aiming to mitigate potential losses. This cautious move reflects his strategy to navigate the market’s unpredictability prudently.

In a shift of strategy, Hayes also decided to divest his positions in Solana and Bonk. Though this resulted in minor losses, it’s seen as a tactical move to realign his investment focus and manage risks more effectively.

Hayes has also expressed his intention to “buy the dip” should Bitcoin’s value drop below the $35,000 mark. This approach is based on the idea of entering the market at perceived low points, aiming to capitalize on subsequent upward trends.

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Disclaimer: 

This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, transaction, or investment strategy is appropriate for any particular individual.

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