Arthur Hayes Predicts Bitcoin Dip into High $80Ks, but Believes $80K Level Will Hold

Summary:
Arthur Hayes, co-founder of BitMEX, forecasts Bitcoin may dip into the low $80Ks but expects the $80,000 level to hold strong due to improving dollar liquidity and changing macroeconomic indicators. Analysts, including Jamie Elkaleh from Bitget Wallet, note a potential stabilization in Bitcoin's price amid reduced retail selling and recovering ETF inflows, while Ethereum shows robust momentum.

Key Takeaways

Arthur Hayes anticipates Bitcoin could dip into the low $80Ks before stabilizing around the $80K level.
Hayes cites improving dollar liquidity and easing macroeconomic conditions as supportive factors.
Bitcoin's recent price actions may reflect a stabilization trend rather than just technical volatility.
Ethereum is gaining momentum, surpassing the $2,800 mark, bolstered by upcoming upgrades.
Both Hayes and analysts expect ongoing volatility in the Bitcoin market, but overall stabilization is likely.

Arthur Hayes ‘Loves Tariffs,’ Says This Is Good for Bitcoin

Bitcoin’s Price Outlook

Arthur Hayes, the co-founder of BitMEX, has indicated that Bitcoin may experience a fluctuating trading period below $90,000 in the coming days. He predicts a potential dip into the “low $80Ks” before the market finds a more stable footing.

Despite this anticipated volatility, Hayes is confident that the $80,000 level will hold. This confidence is based on improving dollar liquidity and evolving macroeconomic signals.

In a recent post on X, Hayes pointed to “minor improvements in dollar liquidity,” highlighting two significant developments:

The U.S. Federal Reserve is anticipated to halt its quantitative tightening program on December 1.
U.S. banks have increased lending in November, which alleviates some liquidity pressure that has affected risk assets in early Q4.

“With QT ending and bank lending reviving, we might see some breathing room,” Hayes stated. He mentioned that while another dip into the low $80Ks is possible, he expects this level to remain resilient. Hayes indicated that he is considering taking small positions but plans to hold off on larger investments until the new year, reflecting a cautious investment strategy.

ETF Inflows Return, Retail Selling Eases

Market analysts are also observing that Bitcoin’s recent price actions may indicate more than just technical fluctuations. Jamie Elkaleh, the Chief Marketing Officer at Bitget Wallet, noted over the weekend that a broader stabilization pattern could be emerging amidst the volatility.

Elkaleh pointed out that ETF inflows are making a comeback, retail selling pressure appears to be diminishing, and Ethereum is regaining strength, all occurring despite a backdrop of macro uncertainty.

According to Elkaleh, the upturn in Bitcoin and major altcoins suggests early indicators of stability rather than just a short-term technical bounce. She emphasized the historical trend where November is typically one of Bitcoin’s strongest months and noted that a reduction in retail capitulation often signals a local bottom formation.

Bitcoin’s ability to maintain the mid-$80K range amid interest rate concerns is a sign of underlying resilience, Elkaleh noted, with renewed institutional interest highlighted by MicroStrategy’s ongoing accumulation and positive net inflows into BTC and ETH ETFs following a period of outflows.

Ethereum Regains Momentum

Elkaleh also emphasized Ethereum’s recovery above the $2,800 threshold, arguing that excitement surrounding upcoming upgrades like Fusaka is enhancing confidence in Ethereum’s long-term role in decentralized finance (DeFi), scaling, and network infrastructure.

“Volatility is likely to persist,” she stated, “but the combination of decreased retail selling, returning institutional inflows, and robust network development suggests this recovery has solid foundations.”

Conclusion: An Outlook of Stabilization with Continued Volatility

Both Hayes and Elkaleh concur that while Bitcoin may continue to experience volatility as December approaches, the structural signals—such as improved liquidity, increased ETF inflows, and technical resets—indicate a trend towards gradual stabilization rather than a transient bounce.