On February 1, Swyftx chief analyst Pav Hundal said that the current short atmosphere has become very tense, and the macro environment favorable for cryptocurrencies shows that Bitcoin is expected to hit a new high at the end of this quarter. BitMEX co-founder Arthur Hayes previously predicted that Bitcoin may fall back into the US$70,000 to US$75,000 range, which may trigger a "mini financial crisis" if it does occur. However, Dr. Sean Dawson, director of research at Derive, recently stated that there is less than 10% chance that Bitcoin will fall to the $75,000 level in the first quarter.