Arthur Hayes： Don't rush to buy at the bottom, wait for the Federal Reserve to release water before adding positions

According to BlockBeats, on March 11th, BitMEX co-founder Arthur Hayes posted that the plan is as follows: be patient, don't rush. Bitcoin may bottom around $70000 and retrace 36% from its historical high of $110000, which is very normal in a bull market. Then, we need the free fall of the US stock market, followed by the bankruptcy of major players in traditional finance. Then, the Federal Reserve and central banks around the world began to release water to rescue the market, and at that time, it was time for all in. Traders will try to buy at the bottom, but if you are a risk averse player, you can wait until major central banks start releasing funds before increasing your positions. You may not be able to accurately copy to the bottom, but you don't have to suffer from a long consolidation period and potential losses