Hayes Predicts Sharp Crypto Pullback to $100K BTC
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In a sobering weekend warning, crypto heavyweight Arthur Hayes predicted Bitcoin could plunge to $100,000 amid gathering economic storm clouds.
The bearish call comes as Hayes himself cashed out $13.35 million across ETH, Ethena, and PEPE positions.
“Markets are underestimating the damage from July’s pathetic 73K jobs number and global credit contraction,” the Maelstrom Fund chief declared. His technical analysis suggests cascading effects could crush BTC to $100K and ETH to $3K.
Blockchain sleuths confirm Hayes is putting money where his mouth is – his wallet now holds over $22 million in safe-haven USDC, representing nearly 80% of its $28.3 million balance. A clear signal the crypto OG expects rougher seas ahead.
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