Prediction record

Hitmarkets

Bitcoin's cycle low was set during the FTX/Alameda crash (Nov 2022) and BTC will not trade below that level again during the current crypto market cycle

A scored record for Arthur Hayes, made on .

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Scored record

Hitmarkets

we likely already hit the lows of this cycle during the recent FTX / Alameda catastrophe

Bitcoin's cycle low was set during the FTX/Alameda crash (Nov 2022) and BTC will not trade below that level again during the current crypto market cycle

Made on
2022-12-09
Outcome
Hit
Importance
3 / 5
Contribution
+2.76

Criterion

Resolution status
resolved
Resolved on
2025-12-31

Bitcoin does not trade below its FTX-crash low (~$15,500, Nov 2022) at any point through the current cycle window.

Criterion — 'BTC does not trade below its ~$15,500 FTX-crash low through the cycle window' — is SATISFIED. Post-FTX lows in chronological order (Jan-2023 ~$16.5k, Jan-2024 ~$39.5k, late-2025 ~$80k) are all above the Nov-2022 bottom. Full deadline window (through 2025-12-31) has now elapsed, so the 'does-not-happen' condition is fully determinable. resolved_on set to window close. No assignment of outcome value o here.

Sources

  • PEMDAS

    Substack ·

    Source

Outcome evidence

  • Bitcoin bottomed at ~$15,480 on Nov 22, 2022 (its lowest since Nov 2020) during the FTX/Alameda collapse — this was the cycle low.

    Evidence

  • Bitcoin's 2023 intraday/closing low (~$16,500, early January 2023) held above the FTX low; BTC then rallied ~157% over 2023 to ~$42–44k. It never revisited sub-$16k.

    Evidence

  • 2024 low ~$39,507 (Jan 22, 2024); 2025 saw an all-time high of ~$126,198 (Oct 2025) with a subsequent retracement only to ~$80,000 — all far above the ~$15,500 FTX low. Through the deadline (2025-12-31) BTC never traded below the FTX-crash low.

    Evidence

Corrections

No public corrections.

Score contribution

+2.76
Confidence
80%
Outcome
Hit
Importance
3 / 5
Contribution
+2.76

This page displays the scored record as published; the website doesn't recompute or adjust the score.

Provenance

Bitcoin's cycle low was set during the FTX/Alameda crash (N…
Methodology version
v1.0.0
Last computed
July 5, 2026
Made on
2022-12-09

How this profile was built

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