{"id":3722,"date":"2025-06-23T10:26:49","date_gmt":"2025-06-23T10:26:49","guid":{"rendered":"https:\/\/bitunikey.com\/news\/this-weakness-will-pass-arthur-hayes-on-btcs-slide-under-100k\/"},"modified":"2025-06-23T10:26:50","modified_gmt":"2025-06-23T10:26:50","slug":"this-weakness-will-pass-arthur-hayes-on-btcs-slide-under-100k","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/this-weakness-will-pass-arthur-hayes-on-btcs-slide-under-100k\/","title":{"rendered":"\u201cThis weakness will pass:\u201d Arthur Hayes on BTC\u2019s slide under $100k"},"content":{"rendered":"

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Bitcoin\u2019s recent pullback hasn\u2019t shaken market sentiment, and industry veteran Arthur Hayes is confident in the asset\u2019s long-term strength.<\/p>\n

In a June 22 X post, BitMex co-founder Arthur Hayes offered an optimistic take on Bitcoin\u2019s (BTC) outlook, hinting at renewed strength ahead despite the ongoing market volatility.\u00a0<\/p>\n

\u201cThis weakness shall pass and $BTC will leave no doubt as to its safe haven status,\u201d he wrote.\u00a0<\/p>\n

In his view, the recent dip is just a temporary phase, and the broader economic backdrop could soon turn favorable for Bitcoin. Hayes suggested that the rising global pressure may lead to increased liquidity injected into the financial system, which could benefit and restore Bitcoin as a reliable store of value.<\/p>\n

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Do you hear that? \u2026 it\u2019s the sound of the money printers revving up to do their patriotic duty. This weakness shall pass and $BTC<\/a> will leave no doubt as to its safe haven status. pic.twitter.com\/PTfZaAXFp7<\/a><\/p>\n

\u2014 Arthur Hayes (@CryptoHayes) June 22, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The BitMex co-founder\u2019s comments came after Bitcoin briefly dipped below the $100,000 mark during the weekend, hitting $98,000 amid growing geopolitical tensions. While the asset has since bounced back to trade above $101,000, the recent slide marked its lowest level since early May, roughly an 11% drop from its highest point during this period.<\/p>\n

The decline in the market giant\u2019s price was not isolated, and part of a broader downturn across the crypto market, marked by severe liquidations and a plunge in the market capitalization of all cryptocurrencies.<\/p>\n

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Arthur Hayes is not the only industry figure bullish on BTC. Pro-Bitcoin Michael Saylor also recently reaffirmed his positive outlook on Bitcoin, saying, \u201cNothing stops this orange\u201d\u00a0in a separate post<\/a>.<\/p>\n

However, from a technical perspective, Bitcoin still shows signs of short-term weakness. Market analyst Rekt Capital pointed out that Bitcoin is again testing key support around $104,400, a level it has dipped below for the second time in recent weeks.\u00a0<\/p>\n

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#BTC<\/a> <\/p>\n

Two weeks ago, Bitcoin downside wicked almost -4% below $104400 before ultimately Weekly Closing above said level<\/p>\n

This week, Bitcoin is downside wicking -5% below $104400<\/p>\n

Of course, Bitcoin could very well confirm a breakdown<\/p>\n

But until the Weekly Close is in, it’s not a\u2026 https:\/\/t.co\/owl2S0V9ur<\/a> pic.twitter.com\/jPe5qUaCnC<\/a><\/p>\n

\u2014 Rekt Capital (@rektcapital) June 22, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Unless the token closes the week above this level, the $104,400 level may flip into resistance, opening the door to further downside. Bitcoin is trading at $101,712 at press time, holding steady over the past 24 hours as its rebound continues.<\/p>\n

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