BitMEX founder Arthur Hayes remains bullish on Bitcoin, stating that the cryptocurrency is still in a bull cycle. He believes that the worst-case scenario would be a bottom at $70,000, the previous all-time high. Hayes sees the decline in the US Treasury General Account as a positive sign of liquidity, which can support risk assets like Bitcoin. However, he also urges caution and a non-leveraged approach due to ongoing volatility. Bitcoin's recent 10% drop triggered by macroeconomic concerns and Trump's new tariffs has prompted discussions about potential market recovery driven by strong liquidity indicators and upcoming events like Trump's crypto summit.



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