Arthur Hayes warns of looming BTC correction to 75k

Bitcoin’s recent decline below its key support level over the past week has sparked a massive sell-off in the crypto market, with analysts warning of another potential correction ahead.

Bitcoin (BTC) The price recorded a sharp decline of almost 5.5% over the past day, falling below the $100,000 support level for the first time since the president Donald Trump’s inauguration January 20. The main cryptocurrency’s price plunge coincided with a broader slowdown in the crypto market, which declined by 8% during the same period.

Major cryptocurrencies including Ethereum (Eth),Xrp), Solana (GROUND), Dogecoin (DOGE), and cardano (Adam), suffered even greater losses, ranging between 9% and 17%.

Amid the market’s Blood Bath, closely followed Crypto Trader and former Bitmex CEO Arthur Hayes warned in a post of a looming “mini-financial crisis” that he says could lead to a Bitcoin correction to 70 $000 dollars.

The experts’ comment came as Bitcoin’s recent price drop triggered an $854.39 million mass liquidation event, wiping out nearly $794.5 million in leveraged long positions within 24 hours by Coinglass data.

Markets unraveled after the debut of Chinese AI app Deepseek sent shockwaves through the tech and crypto space. Aiming to rival the American-made Chatgpt, Deepseek has skyrocketed to the top of the free apps rankings in Apple’s App Store, all on a modest $10 million budget – a stark contrast to the significantly highest of Chatgpt.

According to market analyst Adam Kobeissi, the launch of In depth probably scared off traders, leading to a recent crash.

“Risk is the theme that Deepseek scares investors into,” he wrote in a January 27 x job.

Bitcoin’s recent price correction has also been fueled by an increase in profit-taking. According to For analyst Ali Martinez, long-term bitcoin holders have reduced their holdings by more than 75,000 BTC over the past week.

Georgii Verbitskii, founder of Tymio, disagrees with Hayes, arguing that the recent sell-off is a cool-down after the Crypto Market Bull Run that began after Trump’s presidential victory.

“The recent drop in Bitcoin price is, in my opinion, a natural cool-down after the exciting rally that began on November 5. While some market participants like Arthur Hayes are predicting a correction to $75,000, I do not share this expectation – Bitcoin’s fundamentals remain strong,” Verbitskii told Crypto.News.

According to him, if Bitcoin continues to trade below the psychological resistance level of $100,000 in the coming week, a more modest correction to $87,000 could be on the horizon.

“As long as the underlying fundamentals remain intact, I think this correction is just part of the broader market cycle,” he added.