Arthur Hayes: I am not sure whether Bitcoin will fall below $70,000. I will buy on dips when it falls.

Here is the English translation: "According to Mars Finance news, on March 4, BitMEX co-founder Arthur Hayes posted that 'Bitcoin and the broader cryptocurrency market are currently the only true global free markets left in the world. The price of Bitcoin is transmitting real-time signals to the world about the state of fiat liquidity. Bitcoin reached a high of $110,000 on the eve of the Trump midterm elections, and then fell to a low of $78,000, a decline of about 30%. Bitcoin is shouting: a liquidity crisis is approaching, even as the US stock market index is still near its historical high. I believe Bitcoin's signal, and therefore I believe the US stock market is about to experience a serious correction, due to concerns about a recession. If Bitcoin leads the market down, it will also play a similar role in the upward movement. Given the massive leverage embedded in the system, small-scale financial disturbances can quickly turn into a full-blown panic, and if my prediction is roughly correct, the Fed will not have to wait long before taking action. Bitcoin will bottom out first, then start to rise, while the dirty fiat financial system (led by the US stock market) will catch up and get into trouble. I am confident that we are still in a bull market cycle, so the worst case scenario is that Bitcoin's bottom will return to the historical high of the previous cycle, $70,000. I'm not sure if it will drop to that level. A positive sign of US dollar liquidity is that the US Treasury General Account balance is declining, which is equivalent to a liquidity injection. Given my strong confidence in Trump's type as a financier and his ultimate goal, Maelstrom has increased its risk when Bitcoin trading is in the range of $80,000 to $90,000. If this is really a 'Dead Cat Bounce', I expect another opportunity at the $80,000 low. If the S&P 500 or Nasdaq 100 corrects 20% to 30% from their all-time highs, and a major financial institution faces bankruptcy risk, we may experience a synchronized global market downturn. That means all risk assets will suffer together, and Bitcoin may fall below $80,000, even to $70,000. Whatever happens, we will be cautious in buying the dips without leverage, and wait for the ultimate financial upheaval in the global markets (especially the US), which will bring Bitcoin to $1,000,000 or higher. Stay in your own domain, buy Bitcoin."