Arthur Hayes is alarming again with a bigger shakeup in the crypto market after data exceeded expectations from the U.S. Non-Agricultural Payroll (NFP) employment report has caused downside volatility in both traditional and digital markets. Despite his reputation as a long-term code bull, Hayes has recently moved assets and cash, preparing for more volatility in the future.
Hayes’ predictions came across resistance and after a sharp gathering in June and July when the coins were blown up for $120,000 before falling below $114,000 in early August, Bitcoin began to hover in turbulent ranges.
Hayes, a longtime advocate for the potential of Bitcoin macros, warns that short-term headwinds can push BTC to under $3,000 for under $100,000 after the aftermath of the latest employment report.
Risk assets will be sold as Schiff strengthens “Bitcoin is not digital gold”
The heart of Arthur Hayes’ argument is rooted in macrofluidity. In his recent comments, he points to a surge in market volatility following NFPs, which are weaker than expected NFPs, and points to risky assets being sold violently ahead of Federal Reserve policies, in a hurry to replicate interest rate expectations. In the crypto market, this deployment reset will write about problems in the short term.
Bitcoin led the cryptocurrency slump, but was able to show relative strength compared to altcoins that were hit harder. Hayes points out that liquidity is being emitted from the market as traders block further turbulence. Forced liquidation and margin calls wiped out the long position of $172 million Bitcoin in the entire exchange in a 24-hour window when prices stumbled, resulting in a lower long position of $172 million Bitcoin.
Bitcoin critic Peter Schiff didn’t waste the opportunity to dunk the number one digital asset, celebrating the virtues of gold.
“A day like today makes it clear that Bitcoin is not digital gold. We got bad economic news, with a 2.2% increase in gold and Japanese yen and a 1.5% increase.
Arthur Hayes is relocating his assets
Earlier on August 2, Hayes offloaded 2,373 ETH ($832 million), 7.76 million ENA ($462 million), and 388.6 billion Pepe ($414,700), causing a gust of comment among the crypto community. One follower commented:
“Dumping it at the same time as the classic Arthur Schilling. It never fails.”
Hayes had predicted that BTC would fall to $70,000 early in the current cycle, when optimism and leverage were feverish.
In April 2024, as Bitcoin reached its all-time high and market happiness peaked, Hayes issued a warning that the tide would quickly turn, again calling warning signs due to liquidity, US macro data and over-stretched leverage in the derivatives market. Despite Hayes’ long-term views showing recent attention, Hayes’ long-term views remain bullish.
Bitcoin Market Data
When reporting 2:14pm, UTC on August 2, 2025Bitcoin ranks number one in terms of market capitalization, and the price is under 2.14% Over the past 24 hours. Bitcoin has a market capitalization 2.26 trillion dollars 24-hour trading volume $708.1 billion. Learn more about Bitcoin›
Overview of the Crypto Market
When reporting 2:14pm, UTC on August 2, 2025Crypto market totals are evaluated by $3.68 trillion There is a 24-hour volume $1644.1 billion. Bitcoin’s advantage is currently underway 61.33%. Crypto Market Details›