But does the same actually apply to Arthur Hayes though? I might be wrong but we mustn't forget that Hayes is running one of the biggest crypto exchanges in the world right now. Therefore he could potentially be pushing his agenda and specifically for Bitmex that would be attracting high volume. Because if bitcoin goes up, he makes money, if the price goes down, he still makes money. For him it's more a matter of maintaining a high level of liquidity. Hayes is a very intelligent man, he's proved that over the past year so I feel like he knows what he's trying to do, in contrast to many others. That's also one of the reasons why I like to take his predictions with a serious grain of salt. 5 months ago (
https://www.youtube.com/watch?v=2BRsq9hlBOQ) he was convinced that bitcoin would hit 50,000 USD by the end of the year and all of a sudden his prediction has gone down to 2,000 USD.
Bitmex might be the biggest exchange in terms of volumes, but know that it's all leveraged. Arthur once said that the average leverage used was 8x but that may very be closer to 10-20x during the bear market. People need to boost their leverage multiplier in order to have their trades be worthwhile due to the lack of volatility.
Bitmex isn't a spot exchange either, so they aren't dealing with fiat. Unless he has contact with exchanges as Bitstamp, Coinbase, Kraken to know how much fiat is going in an out, he might be able to provide forecasts with more sense to them, but I'm not sure if he's on that level.
I'm not saying Arthur isn't smart, he just isn't in a position to provide valuable input on the direction of a market being driven by spot exchanges. Some of what he said in the past doesn't even make much sense, but yes, he might be out to just stirr the market up for the sake of bringing back the volumes and volatility his platform depends on.