How Low Can Bitcoin Go? Arthur Hayes Says the Bottom May Be Close

The entire crypto markets were rocked after the U.S. military launched airstrikes on Iran’s nuclear facilities, causing over $1 billion in crypto liquidations. Bitcoin plunged to $99,000, breaking a 44-day streak above six figures. 

Meanwhile, the crypto has since been consolidating in a downward channel. Key levels to watch are $100K and $92K for support, with resistance near $107K and $112K. The fear of escalating war, possibly triggered by Donald Trump, sent both crypto and traditional markets into turmoil. 

War = Volatility… and Printing?

Despite the chaos, Altcoin Daily analysts believe this dip is a buying opportunity. Historically, markets have rallied during wars due to increased government spending and money printing. While a full-scale war is unlikely, any de-escalation could trigger a major relief rally. Bitcoin dipping into the low $90K, or even $80K, would not break market structure, the analyst insists.

Arthur Hayes, Co-Founder of BitMEX, suggests that central banks are preparing to print more money in response to current market weakness. He believes this will strengthen Bitcoin’s position as a safe haven asset, saying BTC will soon prove its true value.

Short-term Haul?

However, Glassnode reports that since April, Bitcoin corrections have repeatedly bounced off the Short-Term Holder Realized Price, the average cost basis for investors holding under 155 days. However, the STH-MVRV has now dropped to just 0.03, indicating that recent buyers are sitting on only 3% unrealized gains, reflecting growing pressure on newer investors.

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Middle East & Global Bitcoin Adoption Surges

The Middle East continues to embrace crypto. Sovereign wealth funds from Saudi Arabia to Bahrain are investing heavily in blockchain for national infrastructure. Meanwhile, Russia reportedly holds over $25 billion in crypto assets, quietly building its strategic reserves. The video highlights how Bitcoin is increasingly being treated like “physical gold,” especially during times of uncertainty.

More billionaires, including Mexico’s third-richest man, are looking to buy Bitcoin, with some holding 80% of their portfolio in BTC and miners. U.S. states like Texas, Arizona, and New Hampshire are also launching strategic Bitcoin reserves, signaling long-term institutional confidence.

Bitcoin’s Future Still Bright

Analyst emphasizes that nothing has fundamentally changed about Bitcoin or crypto. The fear-driven dip should be seen as a temporary shakeout. With blockchain adoption rising globally, governments printing more money, and increasing institutional demand, the long-term thesis for Bitcoin remains bullish. As always, they urge viewers to stay informed, stay invested, and seize the opportunity.

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