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Jan 06, 2024
Founder Arthur Hayes warns of a substantial 30-40% Bitcoin correction, citing concerns about the Reverse Repo Program (RRP) Balance dropping to a critical $200 billion.
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Hayes speculates on the significance of the Bank Term Funding Program (BTFP) expiring on March 12th, foreseeing potential liquidity crises and market inquisition.
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Focuses on the Federal Reserve's meeting where a rate cut is expected, shaping market expectations and influencing dollar liquidity provision dynamics.
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Hayes reveals his plan to short the crypto market using Bitcoin puts during this critical period, prepared to capitalize on the predicted market downturn.
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Warns about the potential highs and lows driven by speculation around US-listed spot Bitcoin Exchange Traded Funds (ETFs).
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Outlines his tactical decisions, including shorting the market with Bitcoin puts and strategically selling US Treasury bills to acquire more Bitcoin and cryptocurrencies.
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Hayes acknowledges potential variations in his predictions, noting the need for adjustments in his trading approach based on different market behaviors.
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