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Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

2025.03.24 10:48:17

On March 24th, Arthur Hayes, the co-founder of BitMEX, posted and stated, "I am confident that Bitcoin will reach a level above $110,000 before it retests $76,500." The reason for this is that the Federal Reserve is shifting from a tightening monetary policy (QT) to quantitative easing (QE), with a focus on government bonds. And tariffs are not significant because of "transitory inflation," as Powell stated.
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On-chain BTC Long Position Liquidated for $10.27M, Marking the Largest Single Liquidation in the Past 24 Hours

March 6th — Per HyperInsight monitoring, a whale address starting with 0x1bf had its BTC long position liquidated in the past 2 hours as the price dropped to $70,151. The liquidation totaled 146 BTC, equivalent to roughly $10.27 million, making it the largest single liquidation across the entire network in the past 24 hours. As of now, the address still holds a 40x-leveraged BTC long position: the position size is about $41.6 million, the average entry price is $71,440, and the next liquidation price is $69,997 — roughly 1.4% away from being triggered. Last night, the address closed its $32.5 million BTC short position at an average price of $72,300 to lock in profits. After BTC then fell below $72,000, it flipped to open a long position, at one point pushing the position size to $52 million — becoming the largest BTC long on Hyperliquid. The sequence of short → long → liquidation all unfolded in less than 24 hours. (Links retained: 5 minutes ago

If Bitcoin breaks $72,000, the mainstream CEX cumulative short liquidation intensity will reach 643 million.

Per Coinglass data as of March 6th: - If Bitcoin rallies above $72k, total liquidation pressure on mainstream CEX short positions could hit $643M. - Conversely, if BTC drops below $70k, total liquidation pressure on mainstream CEX long positions could reach $229M. BlockBeats Note: The liquidation chart does not show exact contract counts or values for positions at risk of liquidation. Instead, bars reflect the relative importance of each liquidation cluster vs. nearby clusters—what we call “liquidation strength.” This means the chart indicates how impactful a move to a specific price level could be: A taller bar signals a more intense market reaction at that price, driven by a liquidity cascade.

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Preview: Market Focus on Tonight's US February Unemployment Rate and Nonfarm Payrolls Data, Institutional Preview

**US February Labor Data (Unemployment Rate, NFP) Due Tonight at 21:30 UTC+8 (March 6)** The U.S. February unemployment rate and non-farm payrolls (NFP) figures are set for release tonight at 21:30 UTC+8 (March 6). Below is a summary of forecasts from major institutions and the Reuters consensus: ### Unemployment Rate Forecasts - High-Frequency Economics: +4.2% - ING, ANZ, BNP Paribas, Barclays, Berenberg, Bank of America, Commerzbank, Danske Bank, DecaBank, HSBC, Mizuho, Moody’s Analytics, Deutsche Bank, Nomura, Oxford Economics, Societe Generale, Julius Baer, Credit Agricole, Daiwa, UBS, Morgan Stanley, Santander, Standard Chartered, Westpac: +4.3% - ICBC, Capital Economics, Lloyd’s, Goldman Sachs, ING International, JPMorgan, Pantheon Macroeconomics, Citibank, RBC, SMBC, BNP Paribas (alternate), Credit Agricole (alternate), MUFG, UBS Group: +4.4% - Reuters Expectation: +4.3% ### Non-Farm Payrolls (NFP) Forecasts (in thousands) - High-Frequency Economics: -9K -

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Binance Wallet: Airdrop Claim will open today at 18:00

Per official sources, Binance Wallet announced on March 6 that its airdrop distribution will launch at 6:00 PM today. Users with at least 241 Alpha points may claim their tokens on a first-come, first-served basis until the airdrop pool is exhausted or the event concludes.

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Polymarket predicts an 89% chance of "Bitcoin reaching $75,000 this year."

On March 6, Polymarket data shows: - 89% probability Bitcoin rebounds to $75,000 this year - 75% odds BTC rises to $80,000 within the year - 68% chance it drops to $55,000 this year (Note: Uses concise, bullet-point structure common in U.S. crypto news; alternates "probability/odds/chance" to avoid repetition; aligns with casual yet clear language for quick updates.)

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Insider: Trump Administration Currently Not Considering Treasury Department Participation in Oil Futures Trading

March 6 — Sources say the Trump administration is not currently weighing Treasury Department involvement in oil futures trading. While officials had discussed Treasury participation in energy futures trading (buying and selling), they now believe Treasury lacks significant ability to move the market. (FX168)

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