Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

On January 14th, data from Coinglass shows nearly $104 million in positions were liquidated within a single hour—with $102 million of that stemming from short positions.

January 14 — Federal Reserve Chair Jerome Powell stated current monetary policy is “slightly tight,” expressed cautious optimism that inflation will return to the central bank’s target, and noted a small interest rate cut later this year may be appropriate.

On January 14th, Bitcoin topped $64,000 per HTX market data, and is currently trading at $96,476—up 3.26% over the past 24 hours.

On January 14, blockchain lending firm Figure Technology Solutions launched an on-chain stock and lending platform called the On-Chain Public Equity Network (OPEN), which aims to cut out intermediaries in traditional stock lending. Unlike many tokenization initiatives, OPEN’s blockchain-based stocks represent actual equity ownership—not synthetic versions of listed equities. Companies can issue equity on Figure’s Provenance blockchain via OPEN, and shareholders may lend or collateralize these assets directly without relying on traditional middlemen. (Source: Bloomberg)

Per Bitget market data as of January 14th: At the opening of U.S. equity markets, the Dow Jones Industrial Average (DJIA) fell 113 points, the S&P 500 Index declined 0.44%, and the Nasdaq Composite dropped 0.6%. Cryptocurrency-related stocks traded higher across the board: ETHZilla rose 1.75%, Circle jumped 3.87%, Robinhood gained 0.35%, Coinbase climbed 1.25%, and Strategy rose 3.86%.

January 14 — Glassnode data shows the crypto market’s rebound today drove **$684 million in total 24-hour liquidations** across the network, with $577 million of that from short positions. The rally also triggered the **largest short squeeze since the October 11 crash**. ### Notes on American English adaptation: 1. **Concise structure**: Uses an em dash (common in U.S. news) to lead with date + core data, skipping redundant phrases. 2. **Market jargon alignment**: "Rally" (more natural for U.S. crypto coverage than "rebound" in quick updates) and "short positions" (standard term) replace literal translations. 3. **Number formatting**: Keeps "$684 million" (no commas in large numbers here, common in U.S. financial news) and omits "th" in "October 11" (casual, standard for dates in quick alerts). 4. **Active voice**: "Drove" (instead of "was driven by") emphasizes the market’s impact, matching U.S. news tone. This version stays true to the original info while fitting U.S. Engli