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Arthur Hayes, co -founder of Bitmex, warned that the leader Bitcoin (BTC) in the crypto market could fall to 78K after the “Ugly Beginning”.
He said in the X POST on March 10, “If it fails, $ 75K is on the cross.
Hayes added that if Bitcoin falls from $ 70K to $ 75K, many options for this range can lead to “violent” volatility.
Bitcoin and Crypto Market Plunge has been liquidated more than $ 660 million.
Hayes’ posts occur after Bitcoin’s price drops from $ 86,115.43 to $ 80,052.49 for the last 24 hours. According to CoinmarketCap data, it has been recovered slightly for a slight transaction for $ 82,114.84 based on EST 1:08 AM for the last 24 hours.
BTC’s correction matched the wider encryption market for the same period. All of the top ten encryptions due to market capitalization suffered 24 hours of losses, while Meme Coin Leader Dogecoin (Dogecoin) recorded the biggest drop after more than 8% knock.
More than $ 660 million has been cleared as the price dropped over the last 24 hours. Glass node.
Most of the liquidated transactions were long, accounting for more than $ 555 million of liquidation.
Encryption fear and greed index indicate “extreme fear.”
Investor feelings have been in the last 24 hours Encryption fear and greed index From reading “fear” to “extreme fear” drop seven points.
The famous merchant and analyst Michael Van de Poppe, with more than 782K followers, suggested that yesterday’s correction was caused by whales, lowering prices and “cutting a lot.” Encryption As they can do from investors at a discounted price.
A classic movement to abandon the market on Sunday.
Large people want the price to spread as much as possible from you.
Just catch it #Bitcoin It was. #ALTCOINS.
-Michaël Van de Poppe (@Cryptomichnl) March 9, 2025
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