Arthur Hayes Says Bitcoin, Ether Could Fall On Macro Headwinds

Arthur Hayes, chief investment official in the MAELSTROM Fund, warned that the escalation of macroeconomic pressure can withdraw Bitcoin to the level of $ 100,000 – he has already received encryption profits in anticipation.

Hayes linked the recent retreat from encryption to the renewed tariff fears raised by the uninterrupted salary report, which showed only 73,000 new added jobs in the United States in July-a sign of economic fragility.

Hayes also pointed out the growth of slow credit in the main economies that dwarms the growth of nominal total local products in a warning that BTC and Ether (ETH) can decrease about $ 100,000 and $ 3,000.

Hayes sold more than $ 13 million from ETH, ENA and Pepe

for him comments It came on Saturday answer To the Blockchain Lokonchain Platform, which highlighted that Hayes recently emptied $ 8.32 million from ETH, $ 4.62 million from Ethena (Ena) and $ 414,700 of Memecoin Pepe (PEPE).

source: Arthur Hayes

Hayes portfolio that has now carried out the last sales of 28.3 million dollars, with $ 22.95 million parked at Stablecoin USDC (USDC), According to To Arkham Intelligence Data.

Bitcoin on the edge of correction of a dual number

Hayes comments are frequent on wider fears that the total opposite wind can disrupt an encryption momentum. Narrow credit, renewable definitions, and the recreational labor market may pressure assets on risks, test the investor ‘conviction and may lead to correction.

Bitcoin fell more than 7.7 % from the highest level of $ 123,000 ever on July 14, while ETHER decreased by 12.5 % since the $ 3900 barrier on July 28, Coingecko Data He appears.

Bitcoin’s decrease to $ 100,000 will retain 18.7 % correction.

Bitcoiners says it is different this time

However, many industry analysts believe that Bitcoin has exceeded the major decline days of two numbers.

Among them is the Bloomberg analyst ETF Eric Balunas, who male Due to the presence of Flogco Etf Spot in Blackrock in June 2023, Bitcoin witnessed “much lower fluctuations and no vomiting stimulus withdrawals.”

Related to: Ray Dalio sells a bridgewateer Final stake after predicting debt

Mitchell Escio, President of Bitcoin Mining Firmware Solutions addition: “The days of the equivalent bull markets and the destroyed bear markets have ended.”