PANews reported on March 10 that Arthur Hayes, co-founder of BitMEX, posted on a social platform that the market had a bad start this week and Bitcoin may retest the $78,000 support level. If it falls below, the price will point to $75,000. He pointed out that there are a large number of open options in the $70,000-$75,000 range, and once it enters this range, market volatility may intensify.