Bitcoin rally may be a dead-cat bounce, warns market expert
The Bitcoin (BTC) price rebound from $63,500 to a local high of $74,123 could be a dead-cat bounce, according to one crypto market expert. Specifically, Arthur Hayes, co-founder of BitMEX cryptocurrency exchange, via his X account on March 4, 2026, noted that BTC price has closely mirrored the fractal pattern of major indexes focused on Software-as-a-Service (SaaS) United States in the past year. $BTC (white) hasn't decoupled yet from US SaaS tech companies (green). It could be a dead cat bounce
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