“Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says”

“…Hayes added that U.S. tax payments, due on April 15, coupled with the Federal Reserve’s quantitative tightening (QT) policies, could remove dollar liquidity from the market, leading to broad-based risk aversion and a fire sale of crypto assets around halving.

“Given that the halving occurs at a time when dollar liquidity is tighter than usual, it will add propellant to a raging firesale of crypto assets. The timing of the halving adds further weight to my decision to abstain from trading until May,” Hayes said.

Tax payments typically remove liquidity from the financial system as individuals withdraw cash from bank deposits and market funds to pay their dues…”

https://finance.yahoo.com/news/bitcoin-could-slump-around-reward-081823562.html

Its important to note that historically Bitcoin doesn’t skyrocket at halving. It Takes some time. Like a few months or so. People should keep that in mind as halving comes around.