TechFlow news — On March 11, Arthur Hayes, co-founder of BitMEX, posted that "Be patient. BTC could bottom around $70,000. A 36% drop from its all-time high of $110,000 is very normal within a bull market."
Hayes expects the stock market (S&P 500 and Nasdaq indexes) to enter a free-fall phase, putting traditional financial institutions under stress. Subsequently, the Federal Reserve and central banks worldwide will shift comprehensively toward accommodative policies, creating the optimal timing for increasing positions.
"Traders will try to catch the bottom. If you are more risk-averse, you can wait until central banks ease policies before deploying more capital. You might miss the absolute low, but you also won't have to endure the psychological pain of prolonged sideways movement and potential unrealized losses."
