Maelstrom Fund Chief Investment Officer Arthur Hayes has warned that macroeconomic pressure mounted can drag Bitcoin back to $ 100,000 level -and he has taken the crypto income.
Hayes linked a recent crypto pullback to updated tariff fears sparked by failing to report non-Payroll farm, which showed only 73,000 new jobs added to the US in the July-a sign of economic deterioration.
Hayes also pointed out the lazy increase in credit to major economies attached to nominal gross domestic product growing in warning that bitcoin (Btc) and ether (Eth) May fall further towards $ 100,000 and $ 3,000 levels.
Hayes sold more than $ 13m of ETH, ENA and Pepe
Him Comments On Saturday entered Response In an X post from the Blockchain Analytics lookonchain platform, emphasized that Hayes recently has been offloaded $ 8.32 million worth of ETH, $ 4.62 million of Ethena (This one) and $ 414,700 of Pepe (Pepe) Memecoin.
Hayes purse that conducted recent sellers holds $ 28.3 million worth of tokens, with $ 22.95 million parked in the USDC (USDC) Stablecoin, According to in Arkham intelligence data.
Bitcoin on the edge of a double digit correction
Hayes’ comments have echoed a greater fear that Macro headwinds can stabilize Crypto’s momentum. Tight credit, already -updated tariffs And a softening work market can be pressure on risk assets-in assets, investor belief testing and potential trigger of a correction.
Bitcoin has fallen more than 7.7% from $ 123,000 All-Time High This is set on July 14, while Ether has dropped 12.5% ever since The pile of $ 3,900 barriers On July 28th, coingecko Data Shut up.
A decrease in bitcoin price to $ 100,000 will mark an 18.7% correction.
Bitcoiners said it was different at this time
However, many industry analysts think that Bitcoin has passed the days of major double-pullback digit.
Among them are Bloomberg ETF analyst Eric Balchunas, who mentioned That from Blackrock’s place Bitcoin etf File in June 2023, Bitcoin experienced “less volatility and no Vomit drawdowns.
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Mitchell Askew, Head Analyst of Bitcoin Mining Firm Blockware Solutions added: “The days of parabolic bull markets and devastating bear markets are over.”
Magazine: Crypto entrepreneurs have cheated themselves’ with price predictions: Peter Brandt
