Arthur Hayes has squoze his short BTC trade after weekend doubts about a deep correction. As per our coverage on Sept. 6, Hayes, the former CEO of the BitMEX cryptocurrency exchange, said BTC (tickers down $53,817) could go below the $50,000 psychological level this weekend while opening a short position.
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: