$BTC Arthur Hayes calls for patience to wait for BTC to reach the 70K range
According to Arthur, a 36% drop from the peak (110K -> 70K) is “normal” during the Bull phase
ETH dropped to the $1K7 range, the lowest level since September 2023 + ETH/BTC broke through the 2020 resistance
The sentiment of frustration and capitulation has appeared in Western social media
Most of the gains held by holders after nearly 2 years have been reset in just 3 months