Bitcoin’s Dramatic Plunge: Hold Onto Your Hats, Darlings! 🎩💸

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Oh, darling, it seems our dear Bitcoin (BTC) has taken a rather unfortunate tumble, slipping below the $80,000 threshold for the first time in nearly four months. How positively tragic! Market analysts are whispering sweet nothings about further calamities awaiting us this weekend. 😱

Enter Arthur Hayes, the illustrious co-founder and former CEO of the crypto exchange BitMEX, who has graced us with his predictions via an X post. He’s convinced that BTC might just nosedive even further, perhaps plunging below that $80,000 mark before we even have our morning tea on Monday. How delightful! ☕️

Brace Yourselves for a Dramatic Wave! 🌊

According to our dear Arthur, BTC is currently riding a rather unfortunate wave of declines. He confessed to being tempted to add a bit more risk to his holdings on Friday morning, but after a moment of clarity (or perhaps a stiff drink), he realized that we might be in for one more violent plunge below $80,000. How thrilling! 🎢

After this anticipated wave of chaos, he predicts a period of “crickets,” which, I assume, means BTC will be as lively as a funeral for a while. So, hold onto your butts, darlings! The ride is about to get a tad bumpy. 🎠

In the last 24 hours, our beloved BTC has plummeted by approximately 10%. According to the ever-reliable CoinMarketCap, it reached a dizzying high of $87,000 and a dismal low of $78,344. As I write this, it’s trading at a mere $79,800, with prices changing faster than a gossip at a soirée. If Arthur is to be believed, we might see BTC plummet to a shocking $70,000 or even lower within the next 72 hours. How positively scandalous! 😲

Liquidation Madness: Over $932M Gone! 💔

It appears Bitcoin’s current plight aligns perfectly with a prediction made by our dear Arthur a month ago. The charming folks at CryptoPotato reported that he foresaw a turbulent journey, with BTC tumbling to between $70,000 and $75,000, all thanks to a mini-financial crisis. At that time, BTC was frolicking around $98,000. How the mighty have fallen! 🥴

Yet, fear not! Arthur maintains a bullish outlook for Bitcoin’s long-term future, claiming that the Federal Reserve’s return to money printing will catapult our cryptocurrency darling to a staggering $250,000 by year’s end. One can only hope! 💰

Meanwhile, the price antics of Bitcoin have obliterated nearly all gains since the U.S. presidential elections. According to CoinGlass, over 227,000 traders have been liquidated in the last 24 hours, with total liquidations soaring above a staggering $932 million. What a delightful mess! 🎉

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2025-02-28 17:50