On February 1st, Swyftx Chief Analyst Pav Hundal stated that the current tense atmosphere among bears is favorable for the macro environment of cryptocurrencies, indicating that Bitcoin is expected to reach a new high at the end of this quarter. BitMEX co-founder Arthur Hayes previously predicted that Bitcoin could fall to the range of $70,000 to $75,000, which if it happens, could trigger a "mini financial crisis." However, Dr. Sean Dawson, Director of Derive Research, recently stated that the probability of Bitcoin falling to the $75,000 level in the first quarter is less than 10%.