Arthur Hayes has sounded the alarm over Bitcoin’s future, projecting a potential drop to $70,000. The risk stems from large-scale outflows from exchange-traded funds (ETFs) that may exacerbate the ongoing downtrend in Bitcoin’s price.

With increasing selling pressure and uncertainty over regulatory actions affecting cryptocurrency, investors must stay alert. Hayes emphasizes that these ETF outflows could drastically impact the market, especially for Bitcoin’s price stability.

As the cryptocurrency landscape evolves, it’s crucial for investors to heed warnings from industry leaders like Hayes. Awareness of market dynamics and timely decision-making remain essential to navigating these volatile conditions.