Arthur Hayes: BTC has not decoupled from US SaaS tech companies, it may just be a temporary rebound
BitMEX co-founder Arthur Hayes stated this morning that after Bitcoin rose above $74,000, BTC has not decoupled from U.S. SaaS tech companies. This rebound may be a dead cat bounce, and we are not completely out of danger yet, so remain patient.
A dead cat bounce is used to describe a financial asset that experiences a brief and sharp rebound after a significant and prolonged decline, but this is just an illusion, and it soon continues to drop, potentially recording new lows.
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