Bitcoin News Today: Arthur Hayes Warns Bitcoin Could Dip to $100,000 Amid Macro Headwinds

Arthur Hayes, Chief Investment Officer of Maelstrom Fund, has issued a bearish warning that Bitcoin could fall to $100,000 amid escalating macroeconomic headwinds. The prediction comes as Hayes reported selling over $13 million in cryptocurrency assets, including $8.32 million in Ethereum, $4.62 million in Ethena, and $414,700 in Pepe tokens, indicating a strategic shift amid concerns over market instability [2]. His wallet now holds $28.3 million in tokens, with the majority—$22.95 million—held in USDC stablecoin [2].

Hayes cited the recent U.S. Non-Farm Payroll report, which showed a weaker-than-expected 73,000 new jobs added in July, as a key trigger for his bearish stance. He linked this to renewed fears of U.S. tariff policies and sluggish credit growth in major economies, which he believes are constraining nominal GDP growth. Given these conditions, Hayes warned that risk-on assets, including Bitcoin, may face downward pressure [2]. Bitcoin has already declined 7.7% from its July 14 all-time high of $123,000, while Ethereum has fallen 12.5% from its peak of $3,900 on July 28 [2].

The market has responded with increased volatility, with Bitcoin dropping to $113,000 on July 24 amid heightened liquidation activity. Analysts have echoed Hayes’ concerns, forecasting further declines to $100,000 as macroeconomic uncertainties persist [4]. Hayes’ bearish outlook is not limited to Bitcoin—he also warned that Ethereum could fall below $3,000 due to ongoing selling pressure [2]. At the time of the report, Ethereum was trading at $3,450.30 [2].

Hayes also expressed skepticism toward the growing “stablecoin mania,” warning of a potential market collapse if a major stablecoin issuer fails to maintain its reserve coverage. He criticized copycat firms for relying on leverage and marketing rather than sound fundamentals [2]. His comments reflect a broader concern among institutional investors about the fragility of the current market environment.

Despite his short-term bearish stance, Hayes has previously maintained a long-term bullish view of Bitcoin. Institutional adoption is growing, with 59% of investors allocating at least 10% of their portfolios to crypto by Q2 2025, according to AiInvest [2]. However, the current market dynamics challenge this optimism, as hedge funds unwind positions in U.S. spot Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust (IBIT). As the basis spread between ETFs and the spot price narrows, the potential for a cascading sell-off increases [2].

The divergence between short-term technical indicators and long-term institutional confidence underscores Bitcoin’s evolving role as a macro asset. While Fidelity Digital Assets sees Bitcoin as a key asset class sensitive to inflation and interest rates, the immediate risks remain high. AiInvest data shows that spot Bitcoin ETFs have accumulated over $80 billion in AUM by Q2 2025, providing a structural floor for prices [2]. However, speculative short-dollar trades driven by AI-driven equity rallies continue to amplify near-term volatility.

Hayes’ actions and forecasts highlight the critical influence of institutional behavior in crypto markets. His track record and institutional experience lend credibility to his warnings, particularly in an environment where macroeconomic pressures and regulatory uncertainties persist. As global policymakers navigate inflation and monetary expansion, Bitcoin’s fixed supply narrative continues to position it as a hedge against currency devaluation. Yet, the current conditions suggest that market sentiment and liquidity constraints may test institutional conviction in the near term [2].

Source:

[1] https://www.instagram.com/p/DM4ieKixb9f/

[2] https://www.bitcoininsider.org/article/281374/arthur-hayes-warns-bitcoin-could-dip-100k-heres-why

[3] https://www.coingabbar.com/en/crypto-currency-news/arthur-hayes-bitcoin-prediction-btc-crash-to-100k-ahead?srsltid=AfmBOoo1vS0Uzl4uWBnjKF4wPYRAzN1ClPph5B6YQy5SxA4h55peQW1z

[4] https://www.thecoinrepublic.com/2025/08/02/crypto-market-faces-600m-liquidation-more-dip-incoming/