Arthur Hayes, former CEO of Bitmex, commented on the latest disturbance in the market and warned of bitcoin dealers of potential fluctuations in the coming weeks.
in mail On X, Hayez stated,
“The market is not like” Liberation Day “. If BTC can carry 76.5 thousand dollars now and enter the USA in the United States April 15, we are outside the forest.
Bitcoin’s recovery has not yet confirmed
His comments come with the low price of Bitcoin about $ 82,000, while gold rose to 3,150 dollars, and he responded to an increase in global uncertainty in the wake of the tariff advertisements enjoyed by US President Donald Trump.
The Trump administration has imposed a 10 % tariff on all countries that start on April 5, with more severe rates of major economies such as China (34 %), the European Union (20 %), and Japan (24 %). The move, which was announced during a speech on April 2 in the Al -Warda Park, was accompanied by a national emergency declaration, which sparked more financial markets.
The encryption market reaction was initially positively to this announcement. However, since the broader effects have become clear, prices have been sharply reflected in all fields. Bitcoin rose to 88,500 dollars before declining to a decrease of about 82200 dollars. Meanwhile, Ethereum witnessed a more clear decrease, decreasing from $ 1934 to $ 1797. During this time, the total maximum Crypto market decreased by more than 5 % to $ 2.7 trillion.
The price movement, so far, is with Glassnode’s analysis Which revealed that Bitcoin began to show signs of exhausting the seller in the short term, but the renewal of the continuous upward momentum has not yet been transferred.
The Blockchain intelligence model explained that after reaching its climax of $ 109,000 in January, BTC continues to “digest” the correction, with increasing evidence of investor losses. Despite the stability of prices in the demand area of $ 76,000 to 80 thousand dollars, momentum indicators indicate that these recovery can be short -term and part of the larger decline instead of the real market reflection.
Avoid extended disorder
The latest Hayes notes indicate that Bitcoin’s ability to maintain the main support levels until April 15, the deadline for taxes in the United States, can determine whether the encryption market settles or faces extended turmoil.
Interestingly, Hayes recently expected that bitcoin could exceed $ 250,000 by the end of the year, with the extension of the exhibition scope in FIAT as the main engine. He also said that he expected a strong gathering for 2025 if the American Federal Reserve turns to quantuity (QE), which pumps liquidity into the economy.
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