Odaily News Arthur Hayes wrote on the X platform, saying that he would maintain great patience and predicted that Bitcoin might bottom out at about $70,000, which means a 36% drop from its all-time high of $110,000, which is a very common adjustment in a bull market. Next, he believes that the stock market, especially SPX and NDX, will enter a free fall phase. Then, the Federal Reserve, the European Central Bank, and the Bank of Japan are expected to adopt loose policies to stimulate economic recovery in their respective countries.
He recommends "entering the market in a big way" in this situation. For traders, although they may miss the bottom, they can avoid experiencing long-term volatility and potential unrealized losses. If they are more cautious, they can wait for the easing policies of major central banks to be implemented before increasing capital investment.