{"id":14665,"date":"2025-08-03T08:42:50","date_gmt":"2025-08-03T06:42:50","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14665"},"modified":"2025-08-03T08:42:50","modified_gmt":"2025-08-03T06:42:50","slug":"arthur-hayes-warns-of-potential-bitcoin-and-ether-declines-amidst-economic-challenges","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/03\/arthur-hayes-warns-of-potential-bitcoin-and-ether-declines-amidst-economic-challenges\/","title":{"rendered":"Arthur Hayes Warns of Potential Bitcoin and Ether Declines Amidst Economic Challenges"},"content":{"rendered":"

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Maelstrom Fund chief investment officer Arthur Hayes has cautioned that escalating macroeconomic challenges could pull Bitcoin back down to the $100,000 range \u2014 and he has already secured crypto gains in preparation.<\/p>\n

Hayes attributed the current crypto downturn to revived tariff anxieties triggered by the underwhelming Non-Farm Payrolls report, which revealed merely 73,000 new jobs added in the US in July \u2014 an indication of economic vulnerability.<\/p>\n

He also highlighted stagnant credit expansion in key economies impeding nominal gross domestic product growth, warning that Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) might decline further towards the $100,000 and $3,000 thresholds.<\/p>\n

Hayes liquidated over $13M of ETH, ENA, and PEPE<\/h2>\n

His remarks<\/a> on Saturday came as a reaction<\/a> to a post on X from blockchain analytics platform Lookonchain, which noted that Hayes had recently sold off $8.32 million worth of ETH, $4.62 million of Ethena (ENA<\/a>), and $414,700 of the Pepe (PEPE<\/a>) memecoin.<\/p>\n

Source: <\/em>Arthur Hayes<\/em><\/a><\/figcaption><\/figure>\n

The wallet operated by Hayes that executed the recent sell-offs now contains $28.3 million in tokens, with $22.95 million stored in the USDC (USDC<\/a>) stablecoin, as per<\/a> data from Arkham Intelligence.<\/p>\n

Bitcoin on the brink of a double-digit correction<\/h2>\n

Hayes\u2019 statements resonate with broader concerns that macro challenges could hinder crypto\u2019s progress. Tight credit, reintroduced tariffs<\/a>, and a weakening job market may exert pressure on risk-on assets, testing investor confidence and potentially inciting a correction.<\/p>\n

Bitcoin has plunged over 7.7% from the $123,000 peak<\/a> it achieved on July 14, while Ether has decreased 12.5% since surpassing the $3,900 mark<\/a> on July 28, according to CoinGecko data<\/a>.<\/p>\n

A decline in Bitcoin\u2019s price to $100,000 would indicate an 18.7% correction.<\/p>\n

Bitcoin proponents claim it\u2019s different this time<\/h2>\n

Nevertheless, numerous market analysts believe Bitcoin has moved past the era of significant double-digit downturns.<\/p>\n

Among them is Bloomberg ETF analyst Eric Balchunas, who observed<\/a> that following BlackRock\u2019s spot Bitcoin ETF<\/a> submission in June 2023, Bitcoin has shown \u201cmuch less volatility and no stomach-churning drawdowns.\u201d<\/p>\n

Related: <\/strong><\/em>Ray Dalio unloads final Bridgewater stake after forecasting debt collapse<\/strong><\/em><\/a><\/p>\n

Mitchell Askew, chief analyst of Bitcoin mining firm Blockware Solutions added:<\/a> \u201cThe era of parabolic bull runs and catastrophic bear markets has concluded.\u201d<\/p>\n

Source: <\/em>Eli Nagar<\/em><\/a><\/figcaption><\/figure>\n

Magazine: <\/strong><\/em>Crypto traders \u2018deceive themselves\u2019 with price predictions: Peter Brandt<\/strong><\/em><\/a><\/p>\n