Cryptos Platform logo Cryptos Platform logo
CoinGape 2022-06-14 06:52:39

BitMex Founder Sees Carnage If Bitcoin, Ethereum Breach These Levels

BitMex founder Arthur Hayes said the Bitcoin and Ethereum could be primed for severe losses if they dropped below a certain level. For Bitcoin, Hayes sees a drop below $20,000 causing a spot-selling cascade. He sees a similar scenario playing out for Ethereum if it falls below $1,000. Hayes says that open interest and positioning The post BitMex Founder Sees Carnage If Bitcoin, Ethereum Breach These Levels appeared first on CoinGape.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.