BitMEX co-founder Arthur Hayes has issued a sobering warning to crypto traders, predicting an imminent 19% Bitcoin crash. This foreboding report comes as Hayes considerably decreased his publicity to main cryptocurrencies, sparking uncertainty and doubt out there.
Bitcoin Faces Potential 19% Price Crash
On August 2, Hayes took to the X social media platform to sound the alarm on potential market turbulence forward. The BitMEX co-founder forecasted that the Bitcoin value might crash by a whopping 19%, presumably retesting the $100,000 stage and marking one among its sharpest declines in current weeks.
Notably, Hayes’ grim outlook extends past Bitcoin to the world’s largest altcoin, Ethereum. He believes that whereas Bitcoin plunges to former lows, ETH might fall to $3,000, representing a pointy decline of roughly 18% from its present value of $3,634. The BitMEX co-founder has attributed these bearish short-term forecasts to macroeconomic stress, significantly within the United States (US).
Hayes provided a sobering tackle the state of the worldwide financial system and its potential implications for the digital asset market. He believes that the US is on the point of a major monetary shift, with a “tariff invoice” doubtlessly coming due within the third quarter of 2025 and set to weigh closely on market sentiment.
Notably, the BitMEX co-founder’s bearish warnings come shortly after the discharge of a cooler-than-expected US Non-Farm Payrolls (NFP) report. The information indicated a slowdown in job creation, which in flip sparked issues in regards to the Federal Reserve’s (FED) capability to proceed sustaining nominal Gross Domestic Product (GDP) development with out extra aggressive credit score creation.
Hayes argued that no main international financial system is at the moment increasing credit score at a tempo adequate to help nominal GDP development. He warns that this stagnation might create circumstances that might put downward stress on danger property like cryptocurrencies. Notably, the BitMEX co-founder’s bearish outlook for each Bitcoin and Ethereum underscores the affect that macroeconomic and geopolitical components are likely to have on the digital asset market.
Hayes Dumps Millions In Crypto Holdings
Backing up his warning with actions, Hayes has begun offloading a considerable portion of his crypto holdings. According to blockchain information shared by Lookonchain by way of Arkham Intelligence, the BitMEX co-founder liquidated a big portion of his portfolio on the identical day he issued his foreboding BTC and ETH forecast.
Within simply six hours, Hayes reportedly bought roughly 2,373 ETH valued at $8.32 million, together with 7.76 million ENA tokens price $4.62 million. He additionally exited a large place in PEPE, promoting 38.86 billion tokens for roughly $414,700.
The scale and velocity of those withdrawals counsel that Hayes could also be repositioning himself forward of anticipated market volatility. As one of the vital influential figures within the crypto area, his strikes have sparked debates about whether or not these current liquidations might sign the start of a broader correction.
Featured picture from Pixabay, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our workforce of high expertise specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
