The Bitcoin price has been struggling to stay above the important $110,000 level. Right now, it’s trading around $108,000, and many traders are worried that this could be the start of a deeper correction. According to Crypto Patel on X, Arthur Hayes, the founder of BitMEX, thinks that Bitcoin might drop even further.
He warns that BTC could fall to as low as $90,000 before the next big move higher. According to him, the “Big Beautiful Bill” might drain liquidity from the market, which could cause a temporary dip in the Bitcoin price.
Hayes still believes in Bitcoin’s long-term strength. He just thinks there might be a pullback first, which could shake out some weak hands before the next bullish phase begins. This potential dip doesn’t mean the bull run is over, but it could mean some pain before Bitcoin starts moving up again.
Arthur Hayes warns: #Bitcoin could drop to $90K.He says the “Big Beautiful Bill” might drain market liquidity, causing a short-term dip.Still bullish long-term — but a pullback may come first.Will $BTC dip before the next pump?Retweet & comment your take. pic.twitter.com/NMrO1NyUDD
— Crypto Patel (@CryptoPatel) July 5, 2025
CryptoPatel’s Chart Shows How BTC Could Still Hit $164,000
The chart shared by Crypto Patel gives another perspective on where Bitcoin could be heading. It shows the entire journey of BTC since 2021. Between 2022 and the middle of 2024, Bitcoin mostly moved sideways or down. This period is marked on the chart as “Retailer Accumulation,” which means that regular retail investors were buying Bitcoin quietly while prices were low.
Then in mid-2024, the chart highlights a phase called “Retailer Manipulation.” During this time, Bitcoin’s price moved in a choppy pattern, tricking retail investors into thinking the bull run was over. This was when many traders were shaken out of their positions, but it set the stage for big players to step in.
After this manipulation phase, the chart shows the first major “Institution Entry 1.” Here, institutional investors started buying in large amounts, and Bitcoin’s price jumped nearly 74%, moving up by over $46,000. This surge took BTC into six-figure territory, as it reached around $107,000 by early 2025.
@CryptoPatel / X
Now, the chart suggests a second wave of institutional buying, labeled “Institution Entry 2.” If Bitcoin repeats the same 74% rally as it did during the first big move, CryptoPatel calculates that the BTC price could shoot up to around $164,000. This level is not some wild dream; it’s a projection based on the same percentage gains seen the last time institutions stepped in heavily.
Why CryptoPatel Believes $162K for Bitcoin Is Just Simple Math
CryptoPatel argues that a Bitcoin price of $162,000 isn’t unrealistic. He explains that from 2022 to mid-2024, Bitcoin stayed quiet with very little excitement. That was the long accumulation phase when people who believed in Bitcoin kept buying patiently. Then, starting around mid-2024, there was smart manipulation where Bitcoin’s price moved sideways in a confusing pattern. This was when many smaller traders were pushed out.
By January 2025, institutional investors started to pump the Bitcoin price hard. That first institutional entry led to a 73% increase, pushing BTC to over $107,000. If institutions make another big move of similar size, adding another 74% from where the price is now, Bitcoin could easily hit $162,000 to $164,000. According to CryptoPatel, this kind of move follows patterns seen before in previous bull cycles.
Read Also: El Salvador Adds More BTC, BlackRock Buys ETH, ONDO Expands Reach
Could Arthur Hayes and CryptoPatel Both Be Right?
While Arthur Hayes sees a short-term dip that could drag Bitcoin down to $90,000, CryptoPatel’s chart suggests that the bigger picture still points up. Even if BTC drops in the coming weeks, it could be a final shakeout before institutions send the Bitcoin price much higher.
So, the key takeaway is that short-term pain could be part of the long-term gain. Whether Bitcoin dips or not, the potential for BTC to hit $162,000 or higher remains on the table if the same institutional buying patterns repeat.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post BitMEX Founder, Arthur Hayes, Predicts Another Bitcoin Crash to $90K: Could the Bull Run Be Over? appeared first on CaptainAltcoin.
