MarketPR
Arthur Hayes has shifted to a defensive posture on Bitcoin, warning that liquidity conditions for $BTC may stay weak as capital continues migrating toward artificial intelligence stocks and related listings.
The co-founder of BitMEX cited AI equity rallies, major tech listings, elevated energy costs, and delayed Federal Reserve rate cuts as the forces keeping crypto markets in a risk-off phase.
Liquidity Went to AI, Not Bitcoin Hayes said Bitcoin failed to respond to liquidity growth the way he had previously anticipated.
His explanation: fresh capital that might have once rotated into digital assets has instead moved into artificial intelligence.
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