Arthur Hayes Says Bitcoin Could Drop to $100K, Reveals Profit-Taking Move
Main Idea
Arthur Hayes predicts Bitcoin could drop to $100K due to weak job data and slowing credit growth, and reveals he has sold over $13 million in crypto, shifting most holdings into USDC.
Key Points
1. Arthur Hayes warns Bitcoin could drop to $100K, citing weak U.S. job data and sluggish credit growth in major economies.
2. Hayes has sold over $13 million in crypto, including $8.32 million worth of ETH, $4.62 million in Ethena (ENA), and $414,700 of Pepe (PEPE), shifting most holdings into USDC.
3. Bitcoin has slipped more than 7% from its all-time high of $123,000, while Ether is down over 12% from its peak of $3,900.
4. Ethereum has surged over 50% in July, driven by ETF inflows and institutional demand, but the Altcoin Season Index remains low at 36.
5. JPMorgan estimates over $60 billion in new capital has entered the crypto space in 2025, with total inflows hitting $86 billion.
Description
Maelstrom Fund CIO Arthur Hayes has warned that Bitcoin may fall back to $100,000 amid a wave of macroeconomic headwinds, revealing that he has already trimmed his crypto holdings in anticipation. Key Takeaways: Arthur Hayes warns Bitcoin could drop to $100K due to weak job data and slowing credit growth. He has already sold over $13 million in crypto and shifted most of his holdings into USDC. His outlook contrasts with growing market optimism that traditional Bitcoin cycles are fading. In a po...
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