Bitcoin News Today: Bitcoin faces bearish pressure as hodlers sell and Hayes warns of drop to $100,000

Bitcoin is under heightened bearish pressure as key industry figures and on-chain data signal a potential drop below the critical $100,000 level. The cryptocurrency, which hit an all-time high of $123,000 on July 14, has already lost 7.7% of its value, and analysts warn of a further 18.7% correction if current trends persist [1]. Arthur Hayes, co-founder of BitMEX and current CIO of Maelstrom Fund, has voiced concerns about the growing influence of macroeconomic risks and a shift in investor sentiment, predicting a potential decline to $100,000 [1]. His caution follows his recent liquidation of $13 million in crypto assets as a precaution against a potential downturn [6].

The bearish momentum is also being fueled by significant on-chain selling activity. According to data from CryptoQuant, Bitcoin hodlers are increasingly offloading their positions as prices retreat below $112,000 [3]. One of the largest crypto exchanges, Binance, has recorded inflows of nearly 7,000 BTC per day, reflecting widespread market liquidation [3]. Whale activity further amplifies concerns, with over 111,000 BTC being accumulated near $107,160, signaling a potential support zone [4].

From a technical perspective, the $100,000 level is considered a crucial psychological and historical support. A sustained weekly or monthly close below this level would invalidate the current bullish structure. The $110,000–$100,000 range is seen as vital for maintaining the broader uptrend. Additionally, Fibonacci retracement levels highlight the importance of $106,000 (0.382) and $102,000 (0.5) as potential price targets in a downward correction [4].

The market sentiment has also been impacted by weak U.S. employment data and renewed global trade tensions, contributing to a broader risk-off environment. Bitcoin ETFs have experienced nearly $1 billion in outflows, pushing prices down to around $114,000 before a modest recovery [5]. These developments have raised concerns about the structural integrity of the crypto market and the potential for further declines across correlated assets.

Despite the near-term bearish outlook, long-term holders remain optimistic. CoinMarketCap data shows that 53% of Bitcoin’s supply is held by long-term investors, a trend often associated with strong recovery phases after major market corrections [4]. This concentration of dormant coins suggests that while the immediate future is uncertain, the long-term fundamentals for Bitcoin remain robust.

The unfolding scenario underscores the complex interplay between macroeconomic forces, market sentiment, and on-chain activity. As Bitcoin tests critical support levels, traders and investors are closely monitoring whale movements, exchange inflows, and technical indicators for potential turning points in the ongoing correction.

Source:

[1] Bitcoin News: Bitcoin Could Drop to $100K, Warns Arthur Hayes After Selling $13M – [https://coinmarketcap.com/academy/article/bitcoin-news-bitcoin-could-drop-to-dollar100k-warns-arthur-hayes-after-selling-dollar13m](https://coinmarketcap.com/academy/article/bitcoin-news-bitcoin-could-drop-to-dollar100k-warns-arthur-hayes-after-selling-dollar13m)

[2] Arthur Hayes Trims Crypto Portfolio Amid Fears Bitcoin Could Fall to $100K – [https://www.xt.com/en/blog/post/arthur-hayes-trims-crypto-portfolio-amid-fears-bitcoin-could-fall-to-100k](https://www.xt.com/en/blog/post/arthur-hayes-trims-crypto-portfolio-amid-fears-bitcoin-could-fall-to-100k)

[3] Bitcoin Hodlers 'Bleed' as Binance Daily Inflows Near 7K BTC – [https://cointelegraph.com/news/bitcoin-speculators-bleed-binance-daily-inflows-near-7k-btc](https://cointelegraph.com/news/bitcoin-speculators-bleed-binance-daily-inflows-near-7k-btc)

[4] Bitcoin Whales Are Buying the Dip – Will $100K Hold? – [https://coindoo.com/market/bitcoin-whales-are-buying-the-dip-will-100k-hold/](https://coindoo.com/market/bitcoin-whales-are-buying-the-dip-will-100k-hold/)

[5] BTC Nears $115K as Trump Tariffs Sour Bullish Crypto Mood – [https://www.coindesk.com/markets/2025/08/04/xrp-leads-market-gains-bitcoin-nears-usd115k-as-trump-tariffs-sour-bullish-crypto-mood](https://www.coindesk.com/markets/2025/08/04/xrp-leads-market-gains-bitcoin-nears-usd115k-as-trump-tariffs-sour-bullish-crypto-mood)