Ex-BitMEX CEO Arthur Hayes Warns Bitcoin and Ethereum on Brink of Epic Collapse

Ex-BitMEX CEO Arthur Hayes Warns Bitcoin and Ethereum on Brink of Epic Collapse


A closely followed crypto capitalist is issuing a warning that Bitcoin (BTC) and Ethereum (ETH) are on the verge of another massive sell-off event despite being down big from their all-time highs.

Former BitMEX CEO Arthur Hayes says that he’s keeping a close watch on on-chain data using decentralized finance (DeFi) analytics platform Parsec.

According to Hayes, on-chain data for Wrapped Bitcoin and Ethereum tell him that most of the liquidations from borrowers failing to meet their obligations have already taken place after this week’s crypto carnage.

Trending: Supreme Court Justice Abruptly Moves Up Date Of Retirement: Effective In 24 Hours!

With DeFi players posing little threat to the crypto ecosystem, Hayes says that he has his eye on options flows to uncover the line in the sand for dealers or market makers.

“Now let’s focus on the listed and unlisted

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend