Arthur Hayes: The last candle of the crypto bear market is about to go out, and we will emerge from the bear market

ChainCatcher news, BitMex founder Arthur Hayes published a blog post discussing the FTX incident and its impact on the market. Arthur believes that the reasons for FTX's collapse are consistent with the past—overexpansion, using its continuously rising high valuation as collateral, and acquiring large amounts of cheap credit, which began to unravel as money became expensive.

Arthur stated that, looking on the bright side, he believes the last candle of this cryptocurrency bear market is about to go out, and we will emerge from the bear market. (Source link)