Arthur Hayes, prominent crypto trader and founder of BitMex, has asserted that the current Bitcoin (BTC) price range near $80,000 indicates a potential bottom for the asset. Hayes’s analysis delves into the market dynamics that may have driven Bitcoin’s recent decline, including the role played by investment firms and treasury issuance. He points to major investment firm activity in Bitcoin ETFs as contributing factors to a downturn in 2023. This activity was followed by selling of those positions, leaving an impact on liquidity. The current state of caution among crypto traders is attributed to a past trend of capitulation during the recent period of price declines. Hayes’s comments about market bottom and potential rally are based on his insights about Bitcoin’s behavior in various historical periods. He highlights the need for a positive influx of liquidity into markets, which he sees as crucial for sustained growth in 2026. Additionally, Hayes suggests that government initiatives will likely influence lending practices in the coming years. This could potentially drive economic activity and contribute to Bitcoin’s recovery. His prediction raises intriguing questions about the future trajectory of Bitcoin’s price and its potential to outperform other assets.