$BTC Arthur Hayes calls for patience to wait for BTC to return to the 70K range
According to Arthur, a 36% decline from the peak (110K -> 70K) is a "normal" occurrence in a Bull phase
ETH has dropped to the $1.7K range, the lowest level since September 2023 + ETH/BTC has broken through the 2020 resistance
The sentiment of despair and capitulation in the market has appeared on Western social media
Most of the gains held by holders after nearly 2 years have been reset in just 3 months
