Goblin (GOBLIN) news

Bitcoin dips to $80K in ‘ugly start,’ could retest key resistance

Bitcoin prices have continued to retreat over the weekend and have fallen to just above $80,000 on March 10 in what one analyst has described as an “ugly start” to the week. The asset has been extremely volatile over the past fortnight, bouncing between $80,000 and $95,000 on various trade tariff-related news reports and White House crypto announcements. Arthur Hayes previously predicted Bitcoin could fall to $70,000, while 10x Research analysts has called it a “textbook correction.” It looks like Bitcoin will retest $78,000, said BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes on X following the asset’s decline. “If it fails, $75,000 is next in the crosshairs,” he added. He also observed that there were a lot of Bitcoin options open interest suck in the $70,000 to $75,000 range. “If we get into that range it will be violent,” he said. In late January, Hayes predicted that Bitcoin would return to $75,000 before reaching $250,000 this cycle. “At least my prediction could be wrong. I hope I’m wrong,” he said at the time. A month later, he said a Bitcoin “goblin town” was coming, predicting that the asset could fall to $70,000 as large hedge funds unwind their ETF positions. The asset fell to its lowest level in 2025 on Feb. 28 when it dipped into the $78,000 zone, and it appears to be heading back there. Source: CoinTelegraph Futures Market Updates Bitcoin's price drop triggered long liquidations, leading to short dominance and bearish sentiment. Bitcoin Futures Updates Total BTC Open Interest: $47.69B (-0.79%) BTC Volume (24H): $94.90B (+151.83%) BTC Liquidations (24H): $205.67M (Long)/$33.86M (Short) Long/Short Ratio: 48.79%/51.21% Funding Rate: -0.0020% Ether Futures Updates Total ETH Open Interest: $19.09B (-2.95%) ETH Volume (24H): $40.12B (+93.35%) ETH Liquidations (24H): $93.91M (Long)/$14.10M (Short) Long/Short Ratio: 48.04%/51.96% Funding Rate: 0.0046% Top 3 OI Surges RARE: $41.20M (+1,222.96%) AUDIO: $2.24M (+178.17%) QUICK: $11.84M (+159.24%)