Arthur Hayes, chief investment director of the Maelstrom funds, warned that macroeconomic pressures could bring Bitcoin back to $ 100,000 – and he has already made cryptographic benefits.
Hayes has linked the recent withdrawal of cryptography to renewed tariff fears triggered by the disappointing non -agricultural pay, which showed that 73,000 new jobs added to the United States in July – a sign of economic fragility.
Hayes has also highlighted the growth of slow credit in large growth economies of nominal gross domestic product in the warning that Bitcoin (BTC) and ether (ETH) could drop more to levels of $ 100,000 and $ 3,000.
Hayes sold more than $ 13 million from Eth, Ena and Pepe
His comments on Saturday came in response to an X post of the Lookonchain blockchain analysis platform, who stressed that Hayes had recently discharged $ 8.32 million from ETH, $ 4.62 million from Ethhena (ENA) and $ 414,700 from the PEPE (PEPE).
The Hayes portfolio that has made recent sales now holds $ 28.3 million in chips, with $ 22.95 million parked in the Stablecoin USDC (USDC), according to Arkham Intelligence data.
Bitcoin at the edge of a two -digit correction
Hayes’ comments echo wider fears than macro opposite winds can block the momentum of crypto. A tight credit, renewed prices and a softening labor market can put pressure on risk assets, testing the conviction of investors and potentially trigger a correction.
Bitcoin fell by more than 7.7% compared to the highest $ 123,000 it set on July 14, while Ether has dropped by 12.5% since it overshadowed the $ 3,900 barrier on July 28, show the Coingecko data.
A drop in the price of bitcoin to $ 100,000 would mark a correction of 18.7%.
Bitcoins say it’s different this time
However, many industry analysts believe that Bitcoin has passed the day of two -digit declines.
Among them, Bloomberg ETF analyst Eric Balchunas, who noted that since the BlackRock Etf Bitcoin deposit in June 2023, Bitcoin has experienced “much less volatility and no prints inducing vomiting”.
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Mitchell Askew, chief analyst of the Bitcoin Blockware Solutions extraction company added: “The days of the parabolic bull markets and devastating bears markets are finished.”
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