{"id":151894,"date":"2025-02-25T14:03:19","date_gmt":"2025-02-25T12:03:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151894"},"modified":"2025-02-25T14:03:19","modified_gmt":"2025-02-25T12:03:19","slug":"bitcoin-to-drop-to-70000-as-hedge-funds-unwind-positions-arthur-hayes","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-to-drop-to-70000-as-hedge-funds-unwind-positions-arthur-hayes\/","title":{"rendered":"Bitcoin to Drop to $70,000 as Hedge Funds Unwind Positions – Arthur Hayes"},"content":{"rendered":"
BitMEX co-founder Arthur Hayes believes this decline could continue, predicting a fall to $70,000.<\/p>\n
According to Hayes, hedge funds holding Bitcoin<\/a><\/strong> ETFs are driving the sell-off.<\/p>\n Many of these institutional investors take long positions in ETFs while shorting Bitcoin futures on the CME, aiming to secure higher returns compared to short-term U.S. Treasury bonds.<\/p>\n