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Arthur Hayes predicts Bitcoin rally after closing short position

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:

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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:Read more  

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