Will Bitcoin Crash to $100,000? Arthur Hayes Shares His Prediction

Jakarta, Pintu News – Arthur Hayes, co-founder of BitMEX, predicts a sharp decline in the crypto market. He estimates that the price of Bitcoin (BTC) could fall to $100,000, while Ethereum (ETH) could potentially drop to $3,000.

This warning comes amid macroeconomic pressures and weak credit growth across the global economy.

Crypto Market Loses $372 Million After Hayes Warning

The crypto market recorded a loss of up to $372 million following a warning by Arthur Hayes, co-founder of BitMEX.

Read also: Ethereum Surges 3% Today — But Is a Drop Below $3,000 Looming?

In a post on platform X (formerly Twitter) on August 2, Hayes attributed his prediction to the United States’ new draft tariff law that is expected to take effect in the third quarter of this year.

He also highlighted broader global economic challenges as a contributing factor to this decline. According to Hayes, no major economy is expanding credit fast enough to drive nominal GDP growth. This, he says, could trigger a correction in the crypto market.

Hayes’ bearish stance seems to be in line with current market sentiment. The global crypto market capitalization has recorded a drop of more than 3% in the last 24 hours (3/8), now standing at around $3.76 trillion.

Downturn Triggers Liquidation of Nearly $372 Million

According to BeInCrypto data, Bitcoin experienced high volatility in the last 24 hours (3/8), falling from almost $114,000 to a multi-week low of $112,113. However, as of this writing, Bitcoin price has edged back up to $113,494.

Ethereum experienced a similar trend, falling from over $3,500 to $3,373, before finally recovering slightly.

This sharp drop triggered the liquidation of nearly $372 million in the last 24 hours, affecting over 115,000 traders.

Long traders-whobet on price recovery-dominated the liquidation volume, with losses of around $322 million. Meanwhile, short traders who anticipated a price drop only saw liquidations of around $65 million.

Read also: 3 Tokens that Investors Will Hunt for Besides XRP!

Eric Trump Suggests to Buy the Dip

Among all cryptocurrencies, Ethereum led the liquidation wave with around $119 million, followed by Bitcoin at $62 million.

Despite the market correction, Eric Trump, son of US President Donald Trump, is encouraging Bitcoin and Ethereum investors to take advantage of the lower prices. He suggests that now is a good time to buy the dip strategy.

Interestingly, Eric’s previous advice to buy Bitcoin during a correction proved to be correct. At that time, the price of Bitcoin jumped 15%, while Ethereum rose 20%.

Now, investors are hoping that Eric’s call this time will have a similar positive impact on the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Arthur Hayes: Bitcoin Price Drop Prediction. Accessed on August 4, 2025
• CryptoNews. Arthur Hayes Says Bitcoin Could Drop to $100K, Reveals Profit-Taking Move. Accessed on August 4, 2025