Arthur Hayes, co-founder of BitMEX, who has made a name for himself with his statements about Bitcoin and the cryptocurrency market, has revealed his latest predictions.
Arthur Hayes stated that the divergence between Bitcoin and the Nasdaq 100 could pull the price below $60,000.
Arthur Hayes predicts that Bitcoin could fall below $60,000 due to the increasing divergence from the Nasdaq 100 and dwindling global liquidity.
In his latest blog post, Hayes noted that Bitcoin has experienced a sharp correction since reaching its all-time high in October 2025, while the Nasdaq 100 has remained relatively stable.
Hayes argues that this disparity stems from job losses due to advances in artificial intelligence, and that this signals an impending dollar credit crunch.
At this point, some analysts have also noted that this situation is seen as Bitcoin pricing in the risk of a dollar-based credit crunch or credit deflation. If this credit deflation intensifies, the Fed may initiate large-scale liquidity injections that could mirror the monetary easing policies seen after the 2008 global financial crisis.
Hayes outlined two possible scenarios. In the first scenario, Bitcoin’s correction is already complete, and Nasdaq will fall independently to restore balance.
In the second scenario, a sharp drop in the Nasdaq could pull Bitcoin below $60,000 before a recovery supported by the Fed’s liquidity measures.
At this point, Hayes advised investors to adopt a cautious approach by reducing excessive leverage and increasing their cash reserves.
*This is not investment advice.
