Bitcoin could retest $80K as looming credit stress pressures markets: Arthur Hayes

BitMEX co-founder Arthur Hayes suggests that tightening liquidity and brewing credit stress could cause Bitcoin to drop to the mid-$80,000 range, evidenced by Bitcoin's recent decline while major stock indices remain high. He anticipates a 10–20% drawdown in equities and a rise in the 10-year yield, which would likely force policymakers to implement an emergency liquidity program. If this stimulus occurs, Hayes believes Bitcoin could violently rebound from an $80,000–$85,000 level and accelerate toward $200,000–$250,000 by year-end. Hayes also noted that recent ETF inflows were driven by unstable basis trades that have since unwound, removing a significant source of non-macro buying pressure. Despite short-term volatility, his long-term bullish outlook remains firm, supported by perceived validation from leaders like President Trump and President Xi.

(Source：Crypto Briefing)