Bitcoin could start its rally next week on a potential liquidity injection in the world’s largest economy.
Arthur Hayes has closed his Bitcoin short position following initial concerns about a deep correction over the weekend.
On Sept. 6, Hayes, the former CEO of the BitMEX cryptocurrency exchange, warned that Bitcoin (BTC) could correct below the $50,000 psychological mark this weekend as he opened a short position to capitalize on the downside.
Easing investor concerns, Hayes announced the closure of his short Bitcoin position, expecting a potential Bitcoin rally as soon as next week, he wrote in a Sept. 8 X post:
