Arthur Hayes predicts Bitcoin will fall below $50,000 this weekend

As cryptocurrency market sentiment has once again fallen into a state of "extreme fear" due to the drop in Bitcoin's price, predictions have emerged that Bitcoin may fall again.
BitMEX co-founder Arthur Hayes said Bitcoin fell another 12% this weekend, dropping below $50,000.
The Crypto Fear and Greed Index (CFGI), which measures market sentiment and trends and assigns a score out of a maximum of 100 points, is the most recent index to measure market sentiment and trends.
The Stock Market & Greed Index recorded a score of 22 on the day, indicating "extreme fear." This was a drop of 7 points from 29 points the day before, when the market was in a "fearful" state.
The reading marks the lowest point since the index hit 20 points on August 8 and the first time it has re-entered the "extreme fear" zone since hitting 25 points on August 12.
In a post on X (formerly Twitter), Hayes said, "BTC is heavy" and "I'm targeting below $50,000 this weekend. I've taken a short position."
As of 2:35 p.m. on the 6th, Bitcoin was trading at $56,403 on the cryptocurrency price website CoinMarketCavengar, down 1.45% from 24 hours ago and 4.09% from seven days ago.
(approximately 8.03 million yen).