Arthur Hayes predicts Bitcoin will test $100,000? A heavy signal released behind profit-taking
BitMEX co-founder Arthur Hayes responded on social media X to his profit-taking actions in the market yesterday, throwing out a striking predictive viewpoint.
Hayes believes that as the U.S. tariff bill is set to expire in the third quarter, market expectations (especially after the non-farm data release) will shift, and no major economy globally can quickly create enough credit to boost nominal GDP.
Based on this, Hayes boldly predicts that the price of Bitcoin will challenge the $100,000 mark, and Ethereum will also test $3,000.
Notably, Arthur Hayes's statement is a response to the massive token sell-off actions disclosed by the data tracking platform Lookonchain.
According to Lookonchain, Arthur Hayes sold 2,373 ETH (worth $8.32 million), 7.76 million ENA (worth $4.62 million), and 38.86 billion PEPE (worth $414,700) in the past 6 hours.
Hayes's response may express that although there is a short-term capital withdrawal (profit-taking), it does not change his view on the overall market trend.
He believes that the market generally expects the U.S. tariff bill to expire in the third quarter (in fact, it will gradually take effect after August 7), and the negative impact after the non-farm data release may become a key turning point for the market.
At the same time, as major economies lack strong credit expansion to support nominal GDP growth, the market liquidity environment may continue to tighten.
In this context, Hayes’s prediction that Bitcoin may dip to the psychological mark of $100,000 and Ethereum may test the support level of $3,000 seems reasonable.
In summary, Hayes's statements not only interpret short-term sell-offs but also appear to be a bet on the medium-term market direction, suggesting that in his view, the current market adjustment may only be temporary, and a larger upward potential may be brewing!
What do you think of Arthur Hayes's prediction? Do you believe that the 'expiration of the tariff bill' and 'insufficient credit' will be key factors driving BTC and ETH market price corrections? Leave your thoughts and opinions in the comments section!
