Arthur Hayes Warns Against Premature Bitcoin Purchases
- Arthur Hayes predicts late 2025 Bitcoin bottom due to USD liquidity.
- He advises against buying Bitcoin amid current market volatility.
- Potential implications for BTC, ETH, ZEC due to his forecast.
Arthur Hayes, former CEO of BitMEX, recently warned against buying Bitcoin too early, attributing its decline to reduced US dollar liquidity in his November 17, 2025, blog post.
Hayes’s caution highlights the crucial role of US liquidity in Bitcoin’s future, emphasizing potential market volatility amidst broader macroeconomic conditions.
Arthur Hayes, ex-CEO of BitMEX, recently highlighted a potential Bitcoin market bottom anticipated later this year. Hayes pointed to reduced US dollar liquidity as a significant factor impacting current crypto prices. Hayes has been vocal about how “Bitcoin’s price primarily reflects expectations about future USD liquidity.”
Hayes advises market participants to avoid investing amid recent tumbles. He predicts a steep sell-off in the stock market is likely before recovery trends become evident. Investors should consider macro factors affecting market dynamics.
Hayes’s analysis impacted investor sentiment on Bitcoin and potential retail investor trends. The market has seen increasing caution, with participants wary of a prolonged downturn. The volatility will affect related cryptocurrencies such as Ethereum.
Financial analysts highlight the broader implications of global liquidity trends, particularly regarding the correlation with Bitcoin prices. Hayes’s forecast emphasizes the Federal Reserve‘s role in shaping market outcomes.
Current market reactions stem from anticipated financial shifts dictated by macroeconomic indicators. Investors are reevaluating their strategies amid conflicting commentary on cryptocurrency values. This environment promotes increased caution among seasoned traders.
According to Hayes, the present conditions warrant monitoring of regulatory actions and their impact on crypto adoption. Historical precedents like the 2020 sell-off exhibit similar patterns, suggesting potential recovery following economic adjustments.



