Disappointing US employment figures have triggered fresh bearish predictions from crypto market veteran Arthur Hayes.
The Maelstrom Fund CIO warns July’s meager 73,000-job NFP reading, combined with sluggish global credit growth, could drive Bitcoin down to $100,000.
Hayes’ concerns materialized in recent blockchain activity showing $8.32 million ETH, $4.62 million Ethena, and $414,700 PEPE sales from his wallet. “These macroeconomic headwinds may push Ether to $3,000 as well,” he added in Saturday commentary.
The investor’s current $28.3 million portfolio now leans heavily toward stability, with $22.95 million (81%) held in USDC – suggesting reduced risk appetite amid growing economic uncertainty.
