The Bitcoin halving is imminent, and the market completed a major bullish purge over the weekend, with BitMEX exchange founder Arthur Hayes, previously bearish on April, now turning bullish. However, some voices still suggest that the true bottom has not yet arrived…
Table of Contents
Bullish Four Kings: GCR, Arthur Hayes, Chris Burniske, Matt Hougan
GCR: Hold on to Spot, Don’t Surrender!
Arthur Hayes: Bottom Reached, Charge Ahead!
Chris Burniske: You Dared to Liquidate Before the Halving???
Matt Hougan: Mere Interest Rates, Not Worrying!
Bearish Reversal Players: 10x Research
Risk Warning
With the Bitcoin halving just a few days away, the top “leading figures” in predictions for the future market direction present completely different views.
Bulls generally believe that the darkest moment has passed; the unexpected and ongoing inflation has put risk assets on the brink of a significant correction. In the following text, we will take stock of the seed players on both sides of the long and short positions and their main statements, hoping to help everyone make correct operations in the future market.
Bullish Four Kings: GCR, Arthur Hayes, Chris Burniske, Matt Hougan
GCR: Hold on to Spot, Don’t Surrender!
After the plunge in the early hours of April 14, legendary trader GCR (who previously shorted DOGE, SHIBA, LUNA at the top), who had not released any trading comments on social media for a long time, publicly turned bullish. The post has now received nearly 9 million reads and 55,000 likes on X.
GCR said:
Arthur Hayes: Bottom Reached, Charge Ahead!
Arthur Hayes, co-founder of BitMEX, has long been one of the most influential “leading figures” in the market. Earlier this month, Arthur predicted that from April 15 to May 1, U.S. annual taxes (April 15 is the tax deadline) would drain market liquidity. Still, from May 1 onwards, with the Federal Reserve slowing its balance sheet reduction and the U.S. Treasury using funds to stimulate the market, a new round of crypto bull market is expected. With the consecutive days of steep declines, Arthur also turned bullish.
On April 15, Arthur posted on X platform:
On April 16, Arthur reiterated:
Chris Burniske: You Dared to Liquidate Before the Halving???
Former ARK Invest crypto head, now Placeholder VC partner, Chris Burniske, had accurately predicted a significant pullback in the market after ETF approval. After this round of decline, Burniske has also spoken bullish several times.
This morning, Burniske posted:
Later, Burniske also retweeted a dynamic about “You dare to liquidate four days before the halving,” accompanied by a picture of a whale devouring, perhaps implying that whales are buying up chips panic-sold by retail investors at low prices.
Matt Hougan: Mere Interest Rates, Not Worrying!
Matt Hougan, Chief Investment Officer of Bitwise (the one on the left in the picture), has always been a representative of the Bitcoin “bulls” active on social media. When Bitcoin fell due to unexpected CPI and delayed rate cuts last week, Hougan said:
Bearish Reversal Players: 10x Research
Compared to the bulls, there are relatively fewer well-known players on the bearish side. Originally, Arthur, who was bearish in April, would be the best representative, but with Arthur turning bullish, the bearish side urgently needs a new flag bearer.
This morning, the well-known institution 10x Research, which was still bullish with an $80,000 target last week, suddenly stated that they “liquidated all positions last night,” which also sparked widespread discussion on social media.
When explaining the logic behind the liquidation, 10xResearch said the main reason was:
Risk Warning
It is important to emphasize that the above content is only a summary of the market predictions of some KOLs with high attention in the current market. The predictions and reasons of the major KOLs in the article are their personal opinions. Cryptocurrency investment is highly risky, so please do not trust others’ predictions lightly, and be sure to DYOR before taking any action.