Trading Moment: BTC reaches $80,000, Arthur Hayes warns of $78,000 support level.

Trading Moment: BTC Hits $80,000, Arthur Hayes Warns of $78,000 Support

1. Market Observation

Keywords: Cocoro, ETH, BTC

Bitcoin fell to $80,000 this morning, and Ethereum briefly dropped below $2,000. Market sentiment indicators show that the fear and greed index has dropped to 20, entering the extreme fear zone. After four months of sideways movement, Bitcoin broke below its range but has not fully retested the previous high trading volume area. Observing the order book, the current largest orders are concentrated below $80K and above $95K, indicating a lack of clear trading opportunities in the current price range. Meanwhile, BitMEX co-founder Arthur Hayes warned that Bitcoin may retest the $78,000 support level, and if it breaks below, it could point to $75,000. Additionally, over the weekend, the owner of the DOGE prototype Shiba Inu KABOSU announced the adoption of a new dog and launched the Cocoro token on the Base chain, with 20% of the tokenomics published by Own The Doge allocated for community airdrops.

On the regulatory front, White House cryptocurrency and AI director David Sacks opposed the proposal to tax every cryptocurrency transaction. At the same time, the Trump administration is exploring significant tax reform plans, including eliminating federal income tax in favor of tariffs on imported goods. Notably, Bitcoin Magazine CEO David Bailey stated that the U.S. Department of Justice might liquidate Bitcoin against the president's wishes, which may explain the recent price movements.

In this context, various opinions and dynamics are drawing attention. Robert Kiyosaki, author of "Rich Dad Poor Dad," warned of a potential massive stock market crash and advised investors to hold physical gold, silver, and Bitcoin instead of related ETF products. MicroStrategy co-founder Michael Saylor proposed a grand vision at the White House Digital Assets Summit, suggesting that the U.S. acquire 5%-25% of the global Bitcoin supply by 2035, potentially generating $16 trillion to $81 trillion in value by 2045.

In response, ZenAcademy founder Zeneca shared investment experiences from the last market cycle this morning, having experienced an eight-figure asset drawdown. He emphasized that "selling too early" is often wiser than "holding too long," as most assets eventually trend towards zero. He reminded investors to consider partial liquidation when seeing investment gains and to be wary of overly confident voices on social media. Zeneca believes Bitcoin will outperform most other assets in the long run and advises investors to avoid becoming overly immersed in the crypto market, maintaining connections with non-crypto sectors to avoid being swayed by market sentiment.

2. Key Data (as of March 10, 13:00 HKT)

Bitcoin: $82,241.18 (Year-to-date -11.97%), daily spot trading volume $37.038 billion
Ethereum: $2,061.23 (Year-to-date -38.11%), daily spot trading volume $22.789 billion
Fear and Greed Index: 20 (Extreme Fear)
Average GAS: BTC 3 sat/vB, ETH 0.65 Gwei
Market Share: BTC 60.4%, ETH 9.2%