Arthur Hayes: This Rally Might Be a Dead Cat Bounce, BTC Has Not Decoupled from SaaS Tech Companies

BlockBeats News, March 5th, BitMEX co-founder Arthur Hayes stated this morning after Bitcoin rebounded above $74,000 that BTC has not decoupled from US SaaS technology companies yet. He suggested that this rebound might be a dead cat bounce and we are not out of the woods yet. Stay patient.

Dead cat bounce is used to describe a situation where a financial asset experiences a sharp, temporary rebound after a significant and sustained decline, only to continue falling quickly, possibly making new lows.