Wori About Tariff Make Hayes Sell-Off $13M Crypto
BitMEX co-founder Arthur Hayes don sell crypto worth $13M dis weekend, as e sell off 2,373 ETH, 7.76 million ENA and 38.9 billion PEPE. E talk say US tariff wahala dem, weak nonfarm payrolls and slow credit growth fit make deflation risk, so e put more than 80% of the money for USDC stablecoin for dis crypto sell-off. For X, Hayes talk say Bitcoin fit reach $100,000 and Ethereum fit come back to $3,000 because of gbege wey dey for geopolitical area and wan small momentum wey altcoin get don weak. The whole crypto market cap na $3.62 trillion, BTC drop 4.2% for the week dey near $114K and ETH drop 8.6% dey near $3,500. Traders suppose dey watch tariff level, stablecoin movement and important job data to know how market go move.
Bearish
Hayes big crypto sell-off and shift go USDC dey show beta macro and geopolitical wahala wey dey grow, dem dey put immediate down-pressure for ETH and other altcoins. For short term, e mean say volatility don rise and traders dem don get less appetite for risk. For long term, fresh tariff developments and work data go be key for market recovery, but right now, sentiment still dey bearish.