BitMEX co-founder Arthur Hayes has commented on the latest Bitcoin crash, suggesting the decline could also be an ideal buy-the-dip alternative moderately than a time to panic. This comes as BTC drops to a four-month low amid macro issues and heavy promoting from whales and miners.
Bitcoin Is On Sale, Arthur Hayes Says
In an X publish, the BitMEX co-founder declared that BTC is on sale. He additional urged market members to go “buying” if this U.S. regional banking wobble turns into a disaster, as there’ll seemingly be a 2023-like bailout for these banks. Hayes added that he already has his checklist of cash that he’s seeking to purchase, in preparation for a possible rebound.
$BTC on sale. If this US regional banking wobble grows to a disaster be prepared for a 2023-like bailout. After which buy groceries assuming you could have spare capital. I bought my checklist, what’s on yours fam? pic.twitter.com/TbuQQI3njN
— Arthur Hayes (@CryptoHayes) October 17, 2025
As CoinGape reported earlier as we speak, Bitcoin has crashed alongside the broader crypto market, as unhealthy loans at Western Alliance Financial institution and Zions Financial institution have triggered a wave of market sell-offs that has unfold to crypto. Because of this, BTC has dropped to a four-month low and is now vulnerable to retesting the $100,000 psychological degree.
TradingView knowledge exhibits that the flagship crypto is down virtually 3% as we speak, dropping under $104,000 earlier within the day. BTC briefly recovered to $106,000 after Trump stated the 100% tariffs on China wouldn’t go into impact.
Nonetheless, the market sell-off seems to be to transcend simply the Trump tariffs. CoinGape reported that Bitcoin is dealing with vital promoting strain from OG whales and miners. These miners have deposited over 51,000 BTC into exchanges up to now week, indicating plans to promote.
In the meantime, the BTC ETFs are additionally again to recording large outflows. These funds noticed a internet outflow of $536.44 million yesterday, marking their fourth day by day internet outflow within the final 5 days.
An Prolonged Bear Market For BTC
Bitcoin critic and famend economist Peter Schiff has predicted that Bitcoin will undergo an prolonged bear market. He famous that BTC is now down 34% in opposition to gold because it hit its report excessive. The economist indicated that the bear market is nowhere close to its finish and that market members shouldn’t anticipate a rebound anytime quickly.
As CoinGape reported, Schiff yesterday stated that BTC has failed as digital gold. He additional remarked that the bear market will likely be “brutal” and suggested holders to promote their “idiot’s gold now and purchase the actual factor or have enjoyable going broke.”
Nonetheless, entrepreneur Anthony Pompliano famous how gold is down 84% when denominated in Bitcoin. He additionally talked about how the flagship crypto is up 15,000% since 2020. Pompliano additional advocated for BTC’s safe-haven standing, noting that different main belongings are down when denominated in Bitcoin.
