Arthur Hayes Predicts Bitcoin Surge to $250,000 Amid Liquidity Shift

Arthur Hayes, BitMEX co-founder, believes Bitcoin's drop to $80,000 was the end of a liquidity-driven reset, not a new bear market.
He argues that US dollar liquidity has bottomed, suggesting a supportive environment for Bitcoin prices.
Hayes targets a Bitcoin price range of $200,000–$250,000 by year-end.
The dip was driven by unwinding leveraged trades linked to ETF flows, misleading retail investors about institutional sentiment.
A significant macro shift, including halted Fed balance sheet runoff and Treasury General Account (TGA) stabilization, indicates potential for increased liquidity.
Hayes anticipates future liquidity increases from commercial banks rather than central bank actions.
He highlights October 10's liquidation as a lesson for leveraged traders, emphasizing the importance of proper trading strategies.
Post-crash, Hayes invested in altcoins like Pendle, Ethena, and EtherFi, expecting them to outperform ETH short-term.
His core thesis: ETF basis trade is over, liquidity drain has ended, leverage flushed, and macro conditions favor Bitcoin.

At press time, BTC traded at $91,004.

Bitcoin price