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Arthur Hayes Closes Bitcoin Price Short Position, Predicts Crypto Market Recovery

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BitMEX co-founder Arthur Hayes predicts crypto market recoverty as US dollar liquidity is rising again.

He shifted away from earlier sub-$50K forecasts after Treasury Secretary Janet Yellen ' comments.

Traders are watching for a rebound above the 50-week EMA for $ 57,000 .

Hayes has also closed his short position on Bitcoin price, making a 3% profit on the recent market meltdown.