Arthur Hayes, the well-known 'black guy' in the crypto world, has just made a bold prediction: Bitcoin (BTC) will bottom around $70,000, down 36% from the historical peak (ATH) of $110,000. In the context of the cryptocurrency market continuing to plunge with BTC down to $76,600 on the morning of March 11, 2025 (according to Coin68), this prediction not only attracts attention but also raises the question: Is the real bottom near?


$70,000 Bottom: Normal Adjustment in a Bull Market

#Hayes viewing a 36% drop from ATH as 'normal' in a bull market. Crypto history shows that 30-40% corrections are not uncommon: in 2021, BTC dropped from $69,000 to $33,000 before recovering. With BTC currently down 14% over the past week and $930 million liquidated on derivatives, the $70,000 scenario is entirely feasible if selling pressure continues, especially when Mt. Gox just transferred $900 million in BTC, increasing fears of a sell-off.


However, Hayes emphasized: 'The worst-case scenario is not here yet.' He advises traders to be patient, as the true bottom will appear after a series of larger economic fluctuations.


Stock Market in Free Fall: Dangerous Signals

The US stock market is 'on fire', with Nasdaq down 3.4% and S&P 500 down 2% on March 10, evaporating a total market cap of $1.7 trillion. The correlation between crypto and tech stocks is becoming clearer: when investors pull out of risky assets due to recession fears from tariffs $TRUMP , BTC and altcoins also face pressure. If the S&P 500 and Nasdaq 100 continue to free fall, BTC could easily breach $75,000 to move towards Hayes's predicted level.


Easing Policy: The Real Bottom Will Come

Hayes believes that the ideal time to catch the bottom is not now, but when major central banks – Fed (US), PBOC (China), ECB (Europe), and BOJ (Japan) – simultaneously implement monetary easing policies to save the economy. Lower interest rates and money pumping will stimulate capital to return to risky assets like crypto, pushing BTC up from the bottom. History shows: the Fed's QE package in 2020 helped BTC soar from $3,800 to $69,000.


Trader's Perspective: How to Act on Binance?

Currently, $BTC trading around $76,600 with the Fear Index at 24. Traders on Binance may wait for the $70,000-$72,000 level to buy, placing stop losses below $68,000 for safety. However, according to Hayes, the biggest opportunity is when easing policies emerge – at that point, the BTC/USDT pair could be the focal point for catching the recovery wave. Altcoins like ETH (currently at $1,760) are also worth watching if the Fed acts early.


Conclusion: Patience Is Golden

Arthur Hayes's prediction of a $70,000 bottom is based not only on technical analysis but also on a sharp macro perspective. The crypto and financial markets are in a state of instability, but great opportunities will arise when central banks intervene. Binance users should remain calm, manage risks, and wait for the right moment.


Risk Warning: Crypto investment is highly risky due to price volatility. Only invest money you are willing to lose. #anhbacong