BitMEX co-founder Arthur Hayes has recently voiced a note of caution regarding the upcoming Bitcoin halving event, scheduled for April 20 or 21, diverging from the prevailing optimism among industry experts. The billionaire expressed skepticism about the anticipated rally in bitcoin prices surrounding the halving, suggesting instead that the market may experience a downturn.

In a blog post published on April 8, Hayes cautioned that when market sentiment becomes overwhelmingly bullish, the opposite outcome often materializes. Based on this observation, Hayes warned of a potential slump in bitcoin prices, stating:

“When most market participants agree on a certain outcome, the opposite…

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