Arthur Hayes Predicts Bitcoin Plunge Below $100K After NFP Shock—Here’s Why It Matters
Bitcoin bulls, brace yourselves—Arthur Hayes just dropped a bombshell warning.
The ex-BitMEX CEO sees BTC cratering below six figures post-NFP data, and the market's already twitchy. We unpack the looming storm.
Macro tremors ahead
Non-Farm Payroll numbers could trigger a liquidity squeeze, Hayes argues—just as institutional traders pile in. Classic Wall Street timing.
The $100K line in the sand
A dip below this psychological threshold would vaporize leverage across derivatives markets. Cue the margin calls and 'I told you so' tweets from goldbugs.
Silver lining?
History says Bitcoin eats short-term panic for breakfast. Every major correction since 2020 became a buying opportunity—assuming you've got the stomach (and dry powder).
Hayes' warning lands as crypto faces its ultimate stress test: proving it's not just a Fed liquidity junkie. Place your bets.
Market reaction to NFP report
The recent NFP report triggered a sharp sell-off in both traditional and bitcoin markets.
Hayes highlighted that risk assets, including Bitcoin, faced significant volatility as traders adjusted their expectations for Federal Reserve policy.
Over $1.1 trillion was wiped from the U.S. stock market, and bitcoin long positions worth $172 million were liquidated across exchanges in just 24 hours, as the price slipped below $114,000 in early August after peaking above $120,000 in July.
Bitcoin’s performance versus other assets
Despite leading the downturn, Bitcoin showed relative strength compared to altcoins.
Noted critic Peter Schiff took the opportunity to critique bitcoin’s SAFE haven status, stating:
“Days like today make it clear that Bitcoin is not digital gold. We got bad economic news that sent Gold and the Japanese yen up 2.2% and the euro up 1.5%. The NASDAQ went the other way, falling 2.2%. Bitcoin tanked 3%, tracking high-risk assets lower, not safe havens higher.”
