- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Arthur Hayes predicts a 19% Bitcoin drop.
- Large crypto sale amid U.S. economic risks.
Arthur Hayes, CIO of Maelstrom Fund, predicts a potential 19% Bitcoin correction to $100,000 due to weak US employment data and looming economic risks.
The announcement impacts major cryptocurrencies like Bitcoin and Ethereum, signaling a defensive market stance amid macroeconomic uncertainties.
Arthur Hayes, co-founder of BitMEX, forecasts a possible 19% reduction in Bitcoin value due to economic uncertainties. This projection arises from the weak U.S. employment data released recently. His analysis suggests heightened market volatility.
Hayes is involved as Chief Investment Officer at Maelstrom Fund. Currently, he has liquidated over $13 million in cryptocurrencies, primarily in Ethereum and Ethena, a strategic move aligned with his market predictions.
The crypto market witnessed noticeable turbulence following Hayes’s actions. His decision to reduce exposure is perceived as a reaction to macroeconomic pressures and the possible impact of U.S. tariffs on global trading conditions.
The move to convert assets to USDC indicates a shift toward stability. Hayes’s actions reflect apprehension about macroeconomic data, particularly those influencing GDP and market dynamics. This echoes similar patterns from previous financial downturns. As Hayes stated,
Y? US Tariff bill coming due in 3q … at least the mrkt believes that after NFP print. No major econ is creating enough credit fast enough to boost nominal gdp. So $BTC tests $100k, $ETH tests $3k.
Market participants are closely watching probable fluctuations in Bitcoin and Ethereum. Historical data suggest similar predictions have precedently led to significant volatility in these assets. Investors remain vigilant amid these developments.
Potential outcomes involve financial market adjustments influenced by looming U.S. tariffs. Observations align with past market reactions to systemic risks, creating a landscape where Hayes’s strategies underscore formally documented economic trends.
