Bitcoin may face selling pressure in the days before and after the mining-reward halving due April 20, a supposedly bullish event. Arthur Hayes warns of a potential price correction amidst the well-entrenched bullish narrative around the halving.
Hayes explains that U.S. tax payments on April 15, combined with the Federal Reserve's quantitative tightening, might impact dollar liquidity, fuel risk aversion, and potentially trigger a fire sale of risk assets.
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