Former BitMEX CEO Arthur Hayes has issued a cautious short-term outlook for the Bitcoin price, advising investors to stay patient amid global economic uncertainty. While BTC recently rebounded near the $69,000–$70,000 range, Hayes believes the market could still face downside risks before the next major rally begins.

Source: Wu Blockchain
The well-known crypto commentator said he would not buy even “$1 of Bitcoin right now,” suggesting the market may remain volatile until central banks resume aggressive money printing policy.
BTC is currently trading around the $69,000 range, after briefly touching $71,700 in the early morning. With the total market cap of $1.39T (-0.22%) daily trading volume see an upside at $51.88 billion with 6.8% increase.

The Golden Asset Faces Macro Pressure From Fed and Global Risks
Hayes explained that the Bitcoin price is still heavily influenced by broader macroeconomic factors such as Federal Reserve policy, global liquidity, and geopolitical tensions. Rising tensions in the Middle East, particularly involving the United States and Iran, could trigger risk-off sentiment across financial markets.
If energy disruptions or market sell-offs intensify, Hayes warned that the Bitcoin price could fall below $60,000 before finding stronger support. He compared the current situation to the early 1990s Gulf War period, when central banks eventually injected large amounts of liquidity into the economy.
At the same time, derivatives data shows the coin recently surged above $70,000 partly due to a short squeeze that forced traders betting against the market to close their positions. More than $350 million in liquidations were recorded within 24 hours, indicating that forced buying, not fresh spot demand, played a major role in the rebound.
Despite the short-term warning, Hayes remains highly optimistic about the BTC price in the long-run. His broader thesis is that rising government debt, fiscal spending, and eventual monetary easing will flood markets with liquidity.
Abundance of local currencies in the marketspace makes their value less and moves traders toward alternate options that have no influence or control of central systems, such as crypto coins.
Under that scenario, he believes BTC could eventually move well beyond $100,000, with some projections pointing toward $250,000 by 2026 or even higher in later cycles.
For now, Hayes describes the market as a “no-trade zone,” suggesting investors watch Federal Reserve signals, global liquidity trends, and geopolitical developments before expecting the next major Bitcoin rally.
Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice.
Bhumika Baghel is a rising crypto content writer with a deepening interest in blockchain technology and digital finance. With a keen understanding of market trends and cryptocurrency ecosystems, she breaks down intricate subjects like Bitcoin, altcoins, DeFi, and NFTs into accessible and engaging content. Bhumika blends well-researched insights with a clear, concise writing style that resonates with both newcomers and experienced crypto enthusiasts. Committed to tracking price fluctuations, new project developments, and regulatory shifts, she ensures her readers stay informed in the fast-moving world of crypto. Bhumika is a strong advocate of blockchain’s potential to drive innovation and promote financial inclusion on a global scale.