Arthur Hayes Warns Bitcoin Could Drop to $70,000–$75,000

Arthur Hayes, co-founder of BitMEX, warns Bitcoin may drop to $70,000–$75,000 amid global economic instability. He suggests this correction could precede a significant upward trend in cryptocurrencies.

A Potential Mini Financial Crisis

Hayes predicts a mini financial crisis affecting Bitcoin's support levels.
Despite caution, he maintains a long-term positive outlook on cryptocurrencies.
He forecasts Bitcoin reaching $250,000 by the end of 2025 due to easing monetary policies.

Liquidations And Market Reactions

Bitcoin recently fell below the $100,000 support level, causing liquidations of around $854 million.
The rapid sell-offs indicate heightened sensitivity among traders.

Divergent Viewpoints From Specialists

Georgii Verbitskii from TYMIO believes the market will stabilize around $87,000, rather than drop to $75,000.
Not all analysts agree with Hayes's prediction of a significant downturn.

Bitcoin’s Current Status

Currently, Bitcoin trades at $99,242, reflecting a 5.1% drop in the last 24 hours and 7.5% over the past week. Its future remains uncertain, oscillating between stability and volatility.