Hayes don sell $13M for ETH, ENA, PEPE; E dey warn say BTC go reach $100K, ETH $3K
BitMEX co-founder Arthur Hayes don sell crypto worth $13.35M, him sell 2,373 ETH, 7.76M ENA, and 38.86B PEPE for top exchange dem. Arthur Hayes dey warn say this crypto sell-off no finish, e talk say Bitcoin (BTC) fit try touch $100,000 again and Ethereum fit fall go $3,000 because credit growth slow, US tariff bill don expire, and nominal GDP weak. For 24 hours, ETH drop 5% to under $3,600, ENA and PEPE reduce about 2% after ENA sharp rise of 40% reach $0.70 because of USDtb stablecoin launch and $260M buyback. Friday drop, wey new US tariffs and Bitcoin drop to $113,000 cause, make people fear risk. Crypto traders suppose prepare for more market wahala as this bearish view fit spoil short-term confidence.
Bearish
Arthur Hayes big sell-off of ETH, ENA, and PEPE don add serious selling pressure for market wey don dey weak already, e make bearish feeling strong. Him talk say Bitcoin fit test $100,000 again and Ethereum fit fall reach $3,000 because of big macro bad factors — credit growth dey slow, US tariff wahala, and nominal GDP dey slow — e make traders confidence go down. For short term, this kain big money waka plus bad forecast fit cause market get more wahala and fit fall more. For long term, market fit steady once economic wahala like tariff deadlines and Fed policy sabi clear for things like Jackson Hole symposium, but traders suppose still dey cautious because fit get new sell-off again.