Hayes Don Sell $13M Crypto, Dem Dey Forecast BTC $100K & ETH $3K
BitMEX co-founder Arthur Hayes don sell over $13 million worth Ether (ETH), Ethena (ENA) and PEPE tokens within six hours, wey signal say im get plan to sell crypto. Hayes link im market view to weak U.S. Non-Farm Payroll data and say the U.S. tariff suspensions go expire soon for Q3, e predict say Bitcoin go test $100,000 and Ethereum go drop to $3,000. The quick sell-off, wey on-chain analytics from Lookonchain and Arkham Intelligence highlight, show say Hayes get bearish view on speculative assets because GDP growth dey slow down. Traders dey wait for im full analysis for WebX Asia for Tokyo on August 25, to sabi the possible risks wey macroeconomic stress and tariff wahala fit cause.
Bearish
Hayes big big sell-off and negative forecast dey come together wit weak U.S. Non-Farm Payroll figures and tariff wey go expire soon, e make people get bad feeling. For history, big people wey hold plenty Bitcoin sell before rate go high don cause market small time drop before. Dis move show say traders fit reduce how much dem dey put for speculative assets, e go affect how market dey flow and price dey move. For long time, ongoing big economic wahala and credit wahala fit make institution investors delay to put money, e go make Bitcoin and Ethereum still dey under pressure till better growth shows.