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News Markets Bitcoin Sinks Below $100,000 as Trading Volume Explodes Maelstrom Fund CIO Arthur Hayes predicts BTC could drop as low as $70,000 before an eventual rise to $250,000 this year. Vince Dioquino By Vince Dioquino Jan 27, 2025 3 min read Source: Shutterstock Source: Shutterstock Bitcoin's trading activity exploded on Monday with volume surging 222% to $55.3 billion, as Maelstrom Fund CIO Arthur Hayes predicted a sharp correction that could drag the price as low as $70,000 before an eventual rise to $250,000 this year. The alpha crypto is currently trading just a smidge above the $99,000 level, down 8.67% from its January 20 all-time high of roughly $108,000, data from CoinGecko shows. Meanwhile, forced liquidations in the crypto derivatives sector spilled out some $850 million in the past 24 hours, with long positions accounting for the majority of losses, Coinglass data shows.
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