Arthur Hayes Warns Bitcoin’s Recent Rebound Is a Dead-Cat Bounce, Says It Remains Closely Tied to U.S. Tech Stocks

BitMEX co-founder Arthur Hayes believes Bitcoin remains driven by the performance of U.S. SaaS technology stocks and has yet to establish an independent trend. Both asset classes are influenced by U.S. dollar liquidity, interest-rate expectations and risk appetite. He views any decoupling as an important signal for Bitcoin’s next major rally. The report provided no specific investment amount.

Hayes recently warned that BTC’s rebound may merely be a “dead-cat bounce” after a steep decline. He said investors should not become overly optimistic about the short-term recovery and should wait for Bitcoin’s correlation with U.S. technology stocks to fall significantly. The report did not disclose when he made the comments, BTC’s price at the time, its percentage gain or a price target, emphasizing only that patience is needed until the assets decouple.