MALSTROM FUND Chief Investment Officer Arthur Hayes warned that the growing macroeconomic pressure can pull bitcoin back to a level of $ 100,000 – and he has already benefited Crypto in anticipation.
Hayes recently linked Crypto Pulback with a fresh tariff fears, which was instigated by a disappointing non-agricultural payroll report, adding only 73,000 new jobs in the US in July-a sign of economic fragility.
Hayes also pointed to dull the credit growth in major economies, stopping the nominal GDP growth in warnings, stating that Bitcoin (BTC) and Ether (ETH) may fall further towards a level of $ 100,000 and $ 3,000.
Hayes sold more than $ 13m Eth, ENA and Pepe
His Information Came in on sat Saturday feedback For an X post from the blockchain analytics platform Lukanchen, stating that Hayes recently distanced $ 8.32 million worth ETH, $ 4.62 million Ethana (ENA) and Pepe (Pepe) Memcoin $ 414,700 of Memcoin.
Hayes’s wallet which recently completes celloffs is now a $ 28.3 million token, with $ 22.95 million parked in USDC (USDC) StableCoin, According For Arkham Intelligence Data.
Bitcoin on the verge of improvement a double point
Hayes’ comments resonated wide apprehensions that Macro headwind could prevent crypto speed. Tight credits, renewed tariffs and a soft job market can put pressure on the risk-property, test the investor’s punishment and potentially trigger an improvement.
Bitcoin has exceeded 7.7% from $ 123,000 all-time high on July 14, while Ether is below 12.5% since receiving $ 3,900 barrier on 28 July. data Show.
The price of a bitcoin for $ 100,000 will improve 18.7%.
Bitcoiner says it is different this time
However, many industry analysts feel that bitcoin major dual -digit pullbacks are before the days of pullbacks.
These include Bloomberg ETF analyst Eric Balchunas, who noted Since Blackrock’s spot bitcoin ETF filing in June 2023, Bitcoin has experienced “very low instability and no vomiting-inspiration drawdown”.
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Michelle Escu, Bitcoin Mining firm head analyst of blockware solutions Added: “The days of the emergency bull markets and the destructive bear markets are over.”
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