“Top Crypto Expert Warns of Potential ‘Black Monday’ Scenario for Bitcoin”
“Top Crypto Expert and Former BitMEX CEO Warns Bitcoin Could Face Its Own ‘Black Monday’ Tomorrow”
“What are crypto fans thinking about this weekend? Enjoying the outdoors? Mapping out their summer getaway?”
No, on this Sunday, April 6, it seems that most crypto investors are preoccupied with a looming fear—based on the buzz across social media—that tomorrow could become a ‘Black Monday’ not just for traditional markets, but for Bitcoin (BTC) and other cryptocurrencies as well.
Authur Hayes, a well-known commentator and former CEO of crypto exchange BitMEX, poses a chilling question to his audience, centered around two ominous words. For him, all attention is focused on 6 p.m. GMT — the moment S&P 500 futures begin trading.
What also matters is the time in Asia when the U.S. markets open. With Bitcoin showing minimal movement over the weekend, there’s little indication of the market’s next direction. Hayes wraps up his analysis by calling it a ‘fog of war’ for now—but importantly, there’s a clear deadline approaching when traders will be forced to confront reality.
The most recent “Black Monday” occurred on March 16, 2020, marking the second of the month, and one of the most challenging days in market history, driven by the pandemic’s escalation and recession fears. Some analysts argue that this current situation could be even worse than the infamous 1987 crash, based on the numbers. As tomorrow approaches, it’s important to remember that while some Black Mondays had only short-term effects, others, like in 1929 and 2020, were harbingers of deeper crises.
Bitcoin is starting to exhibit signs of a possible breakout, fueled by Monday’s expected surge in market volatility. Data from Santiment shows that the term “decoupling” is being mentioned more frequently than ever across platforms like X, Reddit, Telegram, and 4Chan.
In just two days, the stock market dropped by 10%, giving rise to a new idea that cryptocurrency could be close to decoupling from traditional financial markets. The belief is that digital assets are becoming more resilient to macroeconomic pressures, especially U.S. tariffs.
From April 3 to April 5, the cryptocurrency community began considering the potential impact of tariffs on Chinese imports. As Bitcoin held steady while stocks dropped, bullish sentiment grew, reinforcing the belief that Bitcoin could operate independently of Wall Street’s fluctuations. This theory is further backed by Bitcoin’s historical performance.
Previous bull cycles typically took place when Bitcoin and traditional stocks showed little to no correlation, meaning they weren’t moving in sync or opposition. If this trend continues, it could create a favorable environment for a rally. According to data from IntoTheCryptoverse, Bitcoin’s 60-day volatility remains relatively low at 2.8%.
