Arthur Hayes: AI Diverts Capital From Bitcoin

Arthur Hayes told @CryptoMichNL that roughly $1.5 trillion in fresh capital since ChatGPT launched has chased AI instead of crypto, leaving BTC without the liquidity needed for the next leg higher.

Hayes exits any position the moment asymmetry vanishes and now hunts maximum hate with limited downside, staying liquid for the coming crisis he calls the big print.

Bitcoin trades at $62569.17 inside the Bollinger band on the 4h chart, with price pressing the lower band support at $62436.5 while the EMA50 at $63947.16 and EMA200 at $68224.82 cap upside; the MACD death cross at -310.71 keeps the structure bearish even as RSI at 36.97 shows neutral momentum, suggesting any bounce will likely stall at the 50-EMA before fresh downside tests the lower band again.