Bitcoin and Ether could fall back toward the $100,000 and $3,000 level amid concerns of more tariffs, a sluggish credit market and slowed job creation, Arthur Hayes argues.

Bearish Arthur Hayes says Bitcoin could retrace to $100K on macro headwinds

After weeks of consolidation within a tight range, Bitcoin has broken down 
below the crucial $115K level, reaching a local low around $112,200. This 
correction has sparked a divide among analysts and investors, with some 
viewing it as a healthy retracement that could set the stage for a 
continuation of the broader uptrend. Others, however, warn that this move 
might signal the beginning of a more extended bearish phase if key support 
levels fail to hold. Related Reading: Ethereum New Addresses Surge To Nearly 
257K In A Day, Matching 2017 And 2021 Bull Markets Adding to the market’s 
uncertainty, top analyst Darkfost highlighted a significant shift in exchange 
activity. Data reveals that Bitcoin inflows to Binance have been steadily 
rising since early July, reversing a prolonged downtrend that had been in 
place since March. Given Binance’s position as the largest global crypto 
exchange by volume, this uptick in inflows is a crucial indicator of shifting 
investor behavior. Whether this trend signals an upcoming wave of selling or 
simply reflects portfolio rebalancing remains to be seen. The coming days will 
be pivotal as Bitcoin tests its lower demand zones and market sentiment reacts 
to this new data. Binance Bitcoin Inflows Signal Shift in Market Mood Darkfost 
shared critical data showing that Bitcoin inflows to Binance have steadily 
increased, rising from approximately 5,300 BTC daily in early July to 7,000 
BTC today. While this uptick is not abrupt, it marks a significant reversal of 
a prolonged downtrend that had persisted since March. This change suggests 
that investor behavior is shifting, potentially signaling adjustments in 
market strategies as traders and institutions respond to evolving market 
dynamics. Binance, as the largest cryptocurrency exchange globally by trading 
volume, serves as a critical barometer for overall market sentiment. With over 
250 million users and billions of dollars in daily transactions, fluctuations 
in Bitcoin inflows on this platform often mirror broader structural moves 
within the crypto market. Historically, rising inflows have been associated 
with increased trading activity, whether due to profit-taking, portfolio 
rebalancing, or anticipation of market volatility. Some analysts interpret 
this emerging trend of accelerating inflows as an early sign of preparation 
for heightened market volatility or impending macroeconomic shifts. It could 
indicate that traders are positioning funds on exchanges to either capitalize 
on price swings or hedge against potential downside risks. While the magnitude 
of inflows isn’t alarmingly high yet, the consistency of this rise demands 
attention. The market is watching closely to see whether this signals a 
temporary adjustment or the start of a broader trend. With Bitcoin&#8217;s price 
currently testing lower support zones after breaking below $115K, the behavior 
of these inflows will be pivotal in determining short-term price action. 
Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term 
Holders – Retail Capitulation? Key Support At Risk Amid Increased Selling 
Pressure Bitcoin is trading at $112,477 after breaking down from its two-week 
consolidation range. The price lost the crucial $115,724 support, which now 
flips into immediate resistance. This breakdown marks a significant shift in 
momentum, with BTC testing the 100-day simple moving average (SMA) at 
$114,944, which failed to hold. The next key support zone lies near the 
200-day SMA at $110,348, a level that could become pivotal for bulls 
attempting to regain control. Volume has surged during this decline, 
indicating strong selling pressure as BTC approaches the $112,000 level. If 
the price fails to hold above this zone, a further drop towards the 
psychological $110K level seems likely, with potential for a deeper correction 
targeting previous accumulation ranges from early July. Related Reading: 
Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit- 
Taking? Despite the bearish short-term outlook, bulls still have a chance to 
reclaim momentum if they can swiftly push BTC back above $115,724 and 
establish a consolidation above the 50-day SMA at $117,631. Until then, market 
sentiment remains cautious as investors watch for signs of demand absorption 
or further liquidation-driven declines. Featured image from Dall-E, chart from 
TradingView

Bitcoin Inflows To Binance Accelerate: Investor Behavior Shifts After Months Of Decline

The Bank of Botswana is in the early stages of a feasibility study to evaluate 
whether to introduce a central bank digital currency (CBDC). According to Ruth 
Baitshepi, head of the digitalization and innovation hub, the study aims to 
assess both the necessity of a CBDC and the potential risks digital assets 
pose to the […]

Botswana Explores Potential Launch of Central Bank Digital Currency

SharpLink spent $108.57 million in USDC over 48 hours to acquire 30,755 ETH, 
raising its total Ether holdings to 480,031 ETH worth $1.65 billion.

SharpLink buys another $54M in ETH, now holds $1.65B worth of Ether

WhiteFiber, Bit Digital’s (BTBT) HPC/AI subsidiary, just launched its IPO 
under WYFI. I dug into the filings to break down key details and what it means 
for both companies. A Look at WhiteFiber’s Initial Public Offering The 
following guest post comes from Bitcoinminingstock.io, the one-stop hub for 
all things bitcoin mining stocks, educational tools, and […]

Decoding WhiteFiber’s IPO: Bit Digital’s AI Infrastructure Arm Steps Into the Spotlight

Ethereum is undergoing a notable correction after an explosive rally that saw 
its price surge over 85% since late June. After reaching a local high near 
$3,940, ETH has pulled back approximately 13%, sparking debate among analysts 
about whether this is a healthy consolidation or a shift in market momentum. 
While some view the retracement as a natural pause after a rapid uptrend, 
others caution that selling pressure and macroeconomic uncertainty could 
trigger deeper downside moves. Related Reading: Exchanges Receive 21,400 
Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? However, on- 
chain data from CryptoQuant paints a different picture beneath the surface. 
Despite the recent price drop, a massive amount of Ethereum has been 
consistently withdrawn from exchanges over the past few weeks. This trend 
suggests aggressive accumulation by investors moving their holdings into cold 
storage, reducing the liquid supply on trading platforms. Such outflows are 
often interpreted as a bullish signal, indicating that holders are positioning 
for long-term gains rather than preparing to sell. As Ethereum continues to 
lead in areas like DeFi, stablecoins, and Real-World Asset (RWA) tokenization, 
this structural demand could provide a strong foundation for price stability 
and future rallies. Ethereum Bullish Accumulation Trend Continues Analyst Ali 
Martinez has revealed that over 1 million Ethereum (ETH) have been withdrawn 
from exchanges in the past two weeks, signaling a strong accumulation trend 
among investors. This massive outflow reduces the liquid supply of ETH 
available for trading, which historically correlates with long-term bullish 
price action. Despite Ethereum facing a 13% correction from its recent high of 
$3,940, the consistent withdrawal of coins suggests that investors are 
positioning for the next leg up. This accumulation trend mirrors the investor 
behavior seen in Bitcoin over the past year. BTC experienced a similar pattern 
of exchange outflows throughout 2024, which laid the groundwork for its 
massive bull cycle. Analysts now believe that Ethereum could follow a 
comparable trajectory, as the fundamentals supporting ETH remain robust, 
including its dominance in DeFi, stablecoins, and Real-World Asset (RWA) 
tokenization. While the market sentiment remains broadly bullish, some risks 
persist. Recent US job data released on Friday sparked short-term panic, 
injecting volatility across crypto and traditional markets. However, many 
analysts view Ethereum&#8217;s current correction as a healthy retracement and an 
opportunity to accumulate ETH at a discount before the market resumes its 
upward trend. Related Reading: Ethereum New Addresses Surge To Nearly 257K In 
A Day, Matching 2017 And 2021 Bull Markets ETH Testing Key Support After Sharp 
Correction Ethereum (ETH) is currently trading around $3,391 after a sharp 
correction from its recent high of $3,940. The 12-hour chart reveals that ETH 
has broken below its short-term support and is now testing the 50-day SMA at 
$3,462, which could act as a near-term support level. If bulls fail to defend 
this zone, the next critical support is located around $2,852, a key level 
that previously acted as strong resistance in late June. Volume spikes during 
the breakdown suggest increased selling pressure, which aligns with recent 
profit-taking activities by short-term holders. However, despite this drop, 
Ethereum’s price structure remains in an overall uptrend, with higher highs 
and higher lows intact on the broader timeframe. Related Reading: Bitcoin 
Advanced Sentiment Index Reaches Bearish Levels: Futures Traders Show Caution 
The correction appears to be a retest of previous breakout levels, as ETH had 
surged over 85% since late June. Maintaining the $3,350-$3,450 range is 
crucial for bulls to regain control and attempt another move toward the $3,860 
resistance zone. Failure to hold could trigger a deeper correction towards the 
100-day SMA at $2,972. Featured image from Dall-E, chart from TradingView