{"id":573704,"date":"2024-09-06T09:15:41","date_gmt":"2024-09-06T09:15:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=573704"},"modified":"2024-09-06T09:15:41","modified_gmt":"2024-09-06T09:15:41","slug":"crypto-sentiment-plummets-to-extreme-fear-as-arthur-hayes-sees-bitcoin-plunging-to-50k-after-us-jobs-data","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/crypto-sentiment-plummets-to-extreme-fear-as-arthur-hayes-sees-bitcoin-plunging-to-50k-after-us-jobs-data","title":{"rendered":"Crypto Sentiment Plummets To `Extreme Fear’ As Arthur Hayes Sees Bitcoin Plunging To $50K After US Jobs Data"},"content":{"rendered":"

Crypto investor sentiment has plunged to “Extreme Fear” as BitMEX co-founder Arthur Hayes predicts Bitcoin will drop below $50K this weekend following the release of US jobs data today.<\/p>\n

The Crypto Fear And Greed Index <\/span>slumped<\/span><\/a> 7 points over the past 24 hours, bringing it to 22 after a 12-point drop in the last week.<\/span><\/p>\n

\"Bitcoin<\/p>\n

Arthur Hayes Shorts BTC<\/span><\/h2>\n

In a Sept. 6 post on X, Hayes told his 534.2K followers that “BTC is heavy.” He added that he is “gunning” for a drop in Bitcoin’s price below $50K this weekend, before also revealing that he has entered a short position for the largest crypto by market cap. <\/span><\/p>\n

\n

$BTC<\/a> is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I am a degen.<\/p>\n

— Arthur Hayes (@CryptoHayes) September 6, 2024<\/a><\/p><\/blockquote>\n