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Mar 21, 2025
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Bitcoin Likely Bottomed at $77,000 According to Arthur Hayes

2 min

Arthur Hayes, former BitMEX CEO, suggested that Bitcoin (BTC) may have reached its bottom at $77,000 on March 10. He noted that while BTC might have stabilized, stock markets could experience further declines.

Key Points from Hayes' Analysis

  • BTC likely bottomed at $77,000.
  • The US Federal Reserve is signaling an end to quantitative tightening (QT) from April 1.
  • Potential bullish factors include a Supplementary Leverage Ratio (SLR) exemption or the initiation of quantitative easing (QE).
  • QT was implemented by the Fed to reduce the money supply and control inflation.
  • Hayes indicated that risk-on assets like BTC and stocks could benefit from the upcoming policy shift.

Jeff Jirlin, co-founder of Axie Infinity, supported Hayes’ view, stating the end of QT would positively impact crypto and equity markets.

Current Market Status

  • Despite optimism, BTC has broken down below a significant trend line against gold, indicating potential economic uncertainty.
  • CryptoQuant CEO Ki Young Ju expressed concerns that the Bitcoin bull run may be over.
  • At press time, BTC is trading at $85,203, reflecting a 2% increase in the past 24 hours.

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