It took exactly three weeks for Arthur Hayes to go from “giddy” bullishness at the beginning of the year to calling for Bitcoin to fall as low as $70,000. In a Jan. 6 blog post , the former BitMEX CEO said that in his role as chief investment officer for his family office, Maelstrom, he was encouraging “the risk-takers at the fund to turn the risk dial to DEGEN.” But on Jan. 27, he compared the outlook to skiing on a mountain primed for an avalanche. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io