In a galaxy not so far away, where digital currencies dance the cosmic waltz of volatility, Bitcoin
BTC
$76 479
24h volatility: 8.0%
Market cap: $1.52 T
Vol. 24h: $63.94 B
has just performed its latest disappearing act, making $1.4 billion vanish faster than a Pan Galactic Gargle Blaster hits your system. 🎭
Arthur Hayes, the interstellar prophet of cryptocurrency (and former BitMEX CEO who probably knows where his towel is), suggests that this might be the perfect time to catch a falling Bitcoin. Because nothing says “financial wisdom” quite like trying to catch a falling knife made of digital gold. 🔪✨
In what could only be described as a message that would make Vogons’ poetry seem straightforward, Hayes took to X (formerly Twitter, formerly a peaceful platform) to share his thoughts:
“So close fam. Oh what shall I do, if $BTC breaks below $76,500 my credibility will be in tatters.” 😱
Meanwhile, in the parallel universe of technical analysis, the MOVE Index (which is about as comprehensible as the meaning of life, the universe, and everything) is suggesting that the Federal Reserve might soon start printing money like there’s no tomorrow. And let’s face it, in this economy, there might not be! 🖨️💸
If ur trying to predict when the Fed caves and goes Brrr, watch the bond vol MOVE Index. As it goes higher anyone doing financed treasury or corp bond trades will be forced to sell by higher margin reqs. These are the two mrkts the Fed will defend to death. >140 yachtzee time! 🚀
— Arthur Hayes (@CryptoHayes) April 7, 2025
In a plot twist worthy of the Restaurant at the End of the Universe, crypto analyst Ali Martinez has spotted a “death cross” in Bitcoin’s charts. Not to be confused with the Krikkit wars, this crossing of moving averages typically suggests that HODLers might want to keep their panic buttons within reach. 😰
And just when you thought things couldn’t get more Douglas Adams-esque, Bloomberg’s Mike McGlone chimed in with the cryptocurrency equivalent of “Don’t Panic” by suggesting Bitcoin might actually panic its way back to $10,000. Which, coincidentally, is still more valuable than a destroyed Earth making way for a hyperspace bypass. 🌍💥
So long, and thanks for all the Bitcoin! 🐬
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2025-04-07 14:07