Arthur Hayes Says Ignore Warsh and Watch EUR/JPY for Bitcoin’s Next Move

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Arthur Hayes advises disregarding Warsh's commentary and instead watching EUR/JPY as a leading indicator for Bitcoin's next move. He argues that shifts in EUR/JPY reflect global risk appetite and carry-trade flows that have historically preceded sizable Bitcoin moves. The key implication for traders is to monitor EUR/JPY breaks or reversals as a more actionable signal for Bitcoin direction than individual policy pronouncements.

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