Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds
Maelstrom Fund chief investment officer Arthur Hayes has warned that mounting macroeconomic pressures could drag Bitcoin back down to the $100,000 level — and he's already taken crypto profits in anticipation.
Hayes linked the recent crypto pullback to renewed tariff fears sparked by the disappointing Non-Farm Payrolls report, which showed just 73,000 new jobs added in the US in July — a sign of economic fragility.
Hayes also pointed to sluggish credit growth in major economies stunting nominal gross domestic product growth in warning that Bitcoin (BTC)$BTC and Ether (ETH) $ETH could fall further toward the $100,000 and $3,000 levels.
**Hayes sold over $13M of ETH, ENA and PEPE $PEPE **
His comments on Saturday came in response to an X post from blockchain analytics platform Lookonchain, which highlighted that Hayes recently offloaded $8.32 million worth of ETH, $4.62 million of Ethena (ENA) and $414,700 of the Pepe (PEPE) memecoin
# Bearish(BTC)
