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Bitcoin Billionaire Arthur Hayes Blames Crypto Plunge on 'Contraction in Dollar Liquidity'

Arthur Hayes, former CEO of BitMEX, attributes Bitcoin's recent decline to a contraction in U.S. dollar liquidity rather than reduced institutional interest. He argues that Bitcoin has been supported this year by hedge funds engaging in basis trades with Bitcoin ETFs, notably BlackRock's IBIT. While Bitcoin recently fell into the low $90,000s, Hayes believes further declines could hit the low $80,000s before the price surges to between $200,000 and $250,000, contingent on government measures to increase the money supply during a predicted stock market correction. Hayes explains that most major holders of BlackRock’s Bitcoin ETF are hedge funds using it as part of basis trading strategies rather than holding Bitcoin long-term. The outlook for Bitcoin worsens as historic outflows from ETFs contribute to a cycle of selling initiated by retail investors who misinterpret institutional activities. The article notes a considerable decrease in ETF inflows alongside recent wallet movements from Mt. Gox.

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Bitcoin recovery expected as liquidity conditions change, but US macro remains a threat

Bitcoin's recent downturn is attributed to broader economic stresses, yet improved liquidity and a favorable outlook for 2026 could lead to a potential recovery. With the upcoming US Federal Reserve decision on interest rates looming, market sentiment is divided between a possible rate cut and maintaining the current

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken, a prominent crypto exchange, has raised $800 million in funding, including $200 million from Citadel Securities, aiming to bridge traditional financial markets with blockchain infrastructure. This funding round values Kraken at $20 billion and marks a significant shift in the relationship between cryptocurrency firms and traditional finance. The capital

Kraken Scores $800M Raise Backed by $200M Citadel Investment

Kraken has raised $800 million in new funding, which includes a $200 million investment from Citadel Securities. This funding values the crypto exchange at $20 billion and aims to enhance Kraken's capacity to integrate traditional financial markets with blockchain technology. The recent capital injection comes as Kraken pursues

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