The cryptocurrency market is still showing active signs of volatility. With Bitcoin tumbling violently to explore the $86K price range again, the markets are sending a panic signal, with investors scurrying across to park their funds safely. In the middle of this, Arthur Hayes has come up with a new theory, adding how Bitcoin may beat all odds to emerge stronger, trading at $250K by the end of the year.
Also Read: Tom Lee Says Crypto Bottom Is Days Away, Sees V-Shaped Rebound
Hayes’s Bullish Bitcoin Signals
Arthur Hayes, former CEO of Bitmex, shared how, despite the recent market downturns and Bitcoin crash, he is still bullish on tokens’ future recovery. Hayes shared how the ongoing market crash is part of Bitcoin’s bottoming process, triggering BTC to experience a swift price bounce in due time.
The expert was quick to point out his theory, adding how Bitcoin could bottom as low as $80K before experiencing a life-changing bounce, eventually scaling to trade at $250K before the year’s end.
“ARTHUR HAYES: BITCOIN WILL SURGE TO $250K!!! BTC’s slide from $125K to $90K while stocks sit at highs signals tightening liquidity. Hayes expects a dip to $80K – $85K before a liquidity reversal sends $BTC to $200K – $250K.”
In the middle of this, Tom Lee, CEO of Fundstrat, has also come up with a similar theory. Lee was quick to share his analysis, adding how Bitcoin’s bottom is already paving a way for BTC to hit a new ATH by January.
Why Is BTC Plunging Violently?
In a new detailed BTC post uploaded by Open4profit on X, the latest BTC dump has been triggered by a panic-selling situation due to Strategy’s Phong Le stating reasons for selling their BTC.
“First, MicroStrategy’s CEO, Phong Le, explained the only time they would sell $BTC is. If their stock goes below the value of their $BTC. And if they have no money left to run the company. He didn’t say they are selling now, but the market panicked anyway, and fear spread fast.”
In addition to this, Japan’s two-year yield jumped above 1%, showing how borrowing around the world has hiked up, causing investors to adopt a cautious stance again.
“Then the real pressure hit. 🇯🇵 Japan’s 2-year yield jumped above 1%, showing borrowing costs are rising worldwide. Big institutions started selling risky assets, and $BTC got hit too. Once the price fell, support broke, stop losses triggered, and overleveraged traders got liquidated. With thin weekend liquidity, a small drop became a $5K crash in minutes. No big news, just fear, macro pressure, and a liquidation cascade.”
Also Read: Brace for Turbulence: A Heavy Week of Economic Data Could Jolt Market
