Hayes: Bitcoin Nears Bottom, Hold Until US Stocks Dip
BitMEX co-founder Arthur Hayes said in a recent X post that Bitcoin is experiencing an undershooting decline below liquidation levels and is nearing its market bottom. He advises traders to be patient and avoid going all-in. Hayes noted that the broader market needs another downturn in US stocks—especially a sharp sell-off in AI tech stocks—to trigger fresh money printing by the Federal Reserve. Following Bitcoin’s brief drop below $81,000 and rebound to around $83,650, trading remains volatile with a 6.9% 24-hour loss. Hayes links Bitcoin’s near-term low with an upcoming dovish shift in monetary policy, suggesting a coordinated crash-and-print cycle. Traders should monitor US stock performance, particularly in the tech sector, before increasing Bitcoin exposure.
Bearish
Hayes’s warning of additional downside pressure—waiting for a US stock sell-off and AI tech crash before money printing—points to further near-term weakness for Bitcoin. Historical patterns show that equity market dips often drag crypto lower before triggering Fed easing and a subsequent rally. Traders are likely to remain cautious, holding off new Bitcoin positions until US stocks stabilize, reinforcing a short-term bearish bias despite potential long-term gains from future liquidity injections.