BitMEX co-founder Arthur Hayes has positioned himself for a potential decline in Bitcoin's value, purchasing put options with a strike price of $35,000 set to expire on March 29. This move reflects his anticipation of market volatility and forthcoming fiscal disclosures that could influence the cryptocurrency's price. Bitcoin has recently exhibited a divergence from its typically observed correlation with the S&P 500 index, as noted on January 31. This decoupling could signal liquidity challenges ahead of major financial announcements, adding to the uncertainty surrounding the digital currency's trajectory.