Crypto Veteran Hayes Takes Profits Amid $100K Bitcoin Warning

Tony Pearce News
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    Prominent crypto investor Arthur Hayes has executed significant profit-taking moves while warning of potential downside to $100,000 for Bitcoin.

    Blockchain analytics reveal Hayes recently sold $8.32 million in ETH, $4.62 million in Ethena, and $414,700 in PEPE memecoin.

    The Maelstrom Fund CIO tied his cautious stance to deteriorating macroeconomic conditions, highlighting July’s underwhelming 73,000-job NFP report and slowing credit growth as key concerns. “These factors could drive Bitcoin to $100K and Ether to $3,000,” Hayes cautioned on Saturday.

    Arkham Intelligence data shows Hayes’ wallet now maintains $28.3 million in holdings, with 81% parked in USDC stablecoins – suggesting a defensive posture amid current market uncertainty.

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