BitMEX co-founder Arthur Hayes has commented on the latest Bitcoin crash, suggesting the decline could also be an ideal buy-the-dip alternative reasonably 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 individuals to go “shopping” if this U.S. regional banking wobble turns into a disaster, as there’ll possible be a 2023-like bailout for these banks. Hayes added that he already has his listing of cash that he’s trying 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. And then buy groceries assuming you’ve gotten spare capital. I bought my listing, what’s on yours fam? pic.twitter.com/TbuQQI3njN
— Arthur Hayes (@CryptoHayes) October 17, 2025
As CoinGape reported earlier right now, Bitcoin has crashed alongside the broader crypto market, as dangerous loans at Western Alliance Bank and Zions Bank have triggered a wave of market sell-offs that has unfold to crypto. As a outcome, BTC has dropped to a four-month low and is now liable to retesting the $100,000 psychological stage.
TradingView knowledge reveals that the flagship crypto is down nearly 3% right now, dropping beneath $104,000 earlier within the day. BTC briefly recovered to $106,000 after Trump mentioned the 100% tariffs on China wouldn’t go into impact.
However, the market sell-off appears to transcend simply the Trump tariffs. CoinGape reported that Bitcoin is going through important promoting stress from OG whales and miners. These miners have deposited over 51,000 BTC into exchanges previously week, indicating plans to promote.
Meanwhile, the BTC ETFs are additionally again to recording huge outflows. These funds noticed a web outflow of $536.44 million yesterday, marking their fourth every day web outflow within the final 5 days.
An Extended 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 individuals shouldn’t count on a rebound anytime quickly.
As CoinGape reported, Schiff yesterday mentioned that BTC has failed as digital gold. He additional remarked that the bear market will likely be “brutal” and suggested holders to promote their “fool’s gold now and buy the real thing or have fun going broke.”
However, 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.
