$BTC Arthur Hayes’ full blog post: I expect Bitcoin to experience a healthy 20% to 30% correction from whatever levels it reached in early March. If a U.S.-listed spot Bitcoin ETF had begun trading, the liquidation might have been more severe. Imagine if the anticipation of tens of billions of dollars of fiat inflows into these ETFs pushed Bitcoin over $60,000 in the future and close to its 2021 high of $70,000, I could easily see 30% to 40% retracement. This is why I can’t buy Bitcoin until these fateful March dates pass. — link