BitMEX Cofounder Arthur Hayes Says Bitcoin Remains Tied to U.S. SaaS Tech Stocks, Current Rebound May Not Start Lasting Rally

BitMEX cofounder Arthur Hayes said Bitcoin has not shown a clear break from U.S. SaaS technology stocks, indicating the latest price rebound might be temporary rather than the start of a sustained uptrend. He argued the market has not moved out of its risk phase and recommended investors remain patient.