On December 18th, Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, said at the end of the latest article that before entering the crash phase of the bull market, the cryptocurrency market will experience a painful plunge around the inauguration of Trump on January 20, 2025. Maelstrom (Arthur Hayes' fund) will reduce certain positions early and hope to pick them up at a lower price sometime in the first half of 2025. Mr. Hayes added: "If the market forces a break around January 20, we will also acknowledge the error of anticipation and will get back on board after licking our wounds."