Bitcoin News Today: Arthur Hayes Warns Bitcoin Could Drop 18.7% to $100,000 Amid Macro Headwinds

Arthur Hayes, Chief Investment Officer of the Maelstrom Fund, has issued a bearish forecast for Bitcoin, warning that macroeconomic headwinds could drive the price back down to $100,000 [1]. The prediction comes as Hayes has already taken profits from his crypto holdings, offloading over $13 million worth of Ether (ETH), Ethena (ENA), and Pepe (PEPE) [1]. According to Arkham Intelligence data, Hayes’ wallet now holds $28.3 million in tokens, with a significant portion—$22.95 million—held in the stablecoin USDC [1].

Hayes attributes the recent crypto pullback to macroeconomic pressures, including renewed tariff concerns and sluggish credit growth in major economies [1]. His comments follow the release of the U.S. Non-Farm Payrolls report, which showed only 73,000 new jobs added in July—a sign of economic fragility [1]. These macroeconomic concerns are seen as potential triggers for a correction in risk-on assets like Bitcoin and Ether, with the latter currently trading at a 12.5% loss since its July high [1].

Bitcoin has already seen a 7.7% decline from its July 14 all-time high of $123,000, and a drop to $100,000 would represent an 18.7% correction [1]. The broader market is showing signs of strain, with the cryptocurrency market down 9.6% over the past month, while Bitcoin has only seen a 4.1% gain, highlighting diverging investor sentiment [2]. This divergence could indicate growing concerns about Bitcoin’s role as a hedge against macroeconomic instability.

Hayes’ bearish outlook is not an isolated view. It reflects wider concerns in the market about the impact of tight credit, renewed trade tensions, and a softening job market [1]. These factors are increasingly being seen as risks for crypto assets, which are often viewed as alternative investments. As a result, investors are reassessing their exposure to digital assets, with some shifting toward traditional investments in response to the evolving macroeconomic landscape [1].

Despite the bearish signals, some analysts believe Bitcoin has entered a new phase where major double-digit corrections are less likely. Bloomberg ETF analyst Eric Balchunas has noted that since BlackRock filed for a spot Bitcoin ETF in June 2023, the cryptocurrency has shown much less volatility and no extreme drawdowns [1]. Similarly, Mitchell Askew of Blockware Solutions has suggested that the days of parabolic bull markets and devastating bear markets are over [1].

The current market environment underscores the growing importance of macroeconomic factors in shaping the trajectory of Bitcoin. While the price remains well above Hayes’ predicted $100,000 level, his warnings highlight the need for investors to remain cautious as global economic conditions continue to evolve [1].

Source:

[1] Cointelegraph, [https://www.tradingview.com/news/cointelegraph:3c99869a0094b:0-bearish-arthur-hayes-says-bitcoin-could-retrace-to-100k-on-macro-headwinds/](https://www.tradingview.com/news/cointelegraph:3c99869a0094b:0-bearish-arthur-hayes-says-bitcoin-could-retrace-to-100k-on-macro-headwinds/)

[2] CoinGecko, [https://www.coingecko.com/en/coins/bitcoin/usd](https://www.coingecko.com/en/coins/bitcoin/usd)