{"id":14920,"date":"2026-10-26T06:52:48","date_gmt":"2026-10-26T06:52:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14920"},"modified":"2026-10-26T06:52:48","modified_gmt":"2026-10-26T06:52:48","slug":"bitcoin-drops-below-us80k-as-arthur-hayes-exits-crypto-trades","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14920","title":{"rendered":"Bitcoin Drops Below US$80K as Arthur Hayes Exits Crypto Trades"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_31a4c386c75bc8566dd5d1666785abae\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bitcoin fell to US$79,624, down 3.4% for the week, while Ethereum, XRP, Solana and Hyperliquid also recorded weekly losses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Crypto liquidations reached roughly US$815 million over 24 hours, including more than US$400 million in long positions closed within four hours.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">US spot Bitcoin ETFs recorded US$301.2 million in weekly net inflows despite US$773.5 million in withdrawals over Thursday and Friday.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyst Micha\u00ebl van de Poppe warned Bitcoin could briefly fall below US$75K, while holding US$80K and forming a higher low could signal a recovery.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Bitcoin (BTC) has dropped below the US$80K (AU$113.8K) mark for the second time in as many days. Early Sunday morning it fell to US$79,307 (AU$112,809), recovered above US$80K late Sunday and trades at US$79,624 (AU$113,260) at the time of writing.<\/p>\n<p class=\"wp-block-paragraph\">That makes a 3.4% decline for BTC on the weekly chart. Other crypto assets took larger hits, with Ethereum (ETH) down 4.7%, trading at US$2,303 (AU$3,275) and XRP down 2.2%, trading at US$1.27 (AU$1.80). Solana and Hyperliquid also traded lower, down 4.6% and 4.9% on the weekly chart.<\/p>\n<p class=\"wp-block-paragraph\">In the top ten, excluding stablecoins, only BNB (+1.6%) and Zcash (+1.7%) made weekly gains. This comes as the Fear and Greed Index shows that market sentiment now solidly sits in <em>Neutral<\/em> after <em>Greed<\/em> dominated the past month.<\/p>\n<p class=\"wp-block-paragraph\">Following Bitcoin\u2019s first dip, liquidations across the wider crypto market reached roughly US$815 million (AU$1.1 billion) over 24 hours, including more than US$400 million (AU$568.9 million) in long positions closed within four hours.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Read more:<\/strong> <strong>Musk Floats US$5 Trillion Tesla\u2013SpaceX Merger That Could Unite 30,000 Bitcoin<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Separately, prominent crypto commentator and BitMEX co-founder Arthur Hayes said he had closed Maelstrom\u2019s directional trading positions, taking profits on ETH, ENA and UNI amid the wider sell-off:<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"\/>\n<p class=\"wp-block-paragraph\">Ongoing geopolitical uncertainty and concerns over an escalation of the war in the Middle East and growing unease about AI spending are certainly on investors\u2019 minds. Technology shares stabilised somewhat Friday after Thursday\u2019s sell-off. Brent crude, however, was up 3.1% on Friday as more attacks were feared.<\/p>\n<p class=\"wp-block-paragraph\">All eyes are now on the Federal Reserve\u2019s meeting on 27 to 28 October, as the 10-year Treasury yield also finished near 4.99%.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Read also:<\/strong> <strong>Millions of Cyberattack Attempts Target Websites as Critical PHP Flaws Threaten Crypto Platforms<\/strong><\/p>\n<h3 id=\"h-etf-flows-and-btc-outlook\" class=\"wp-block-heading\">ETF Flows and BTC Outlook<\/h3>\n<p class=\"wp-block-paragraph\">The US spot Bitcoin ETFs have also seen heavy outflows toward the end of the week. After over US$1 billion (AU$1.4 billion) in net inflows during the first three trading days, US$773.5 million (AU$1.1 billion) in net outflows were recorded on Thursday and Friday.<\/p>\n<p class=\"wp-block-paragraph\">That leaves the funds with net inflows of US$301.2 million (AU$428.4 million) for the week. BlackRock\u2019s IBIT was the single-largest beneficiary, with net inflows of US$565.7 million (AU$804.6 million).<\/p>\n<p class=\"wp-block-paragraph\">Crypto analyst Micha\u00ebl van de Poppe warned on X that Bitcoin could briefly fall below US$75K (AU$106.6K) if it fails to recover and establish a higher high. However, he said holding US$80K and forming a higher low could signal the end of the current correction.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"\/>\n<p class=\"wp-block-paragraph\">In another tweet, he suggested that a trend reversal may not be imminent, but warned that \u201conce the trend turns, things can go fast\u201d.<\/p>\n<div id=\"blockquote-block_b7b0c3f8d5ea7d05b57a6501845d8bca\" class=\"blockquote-container variant-personal\">\n<div class=\"blockquote-text\">\n<p>We\u2019ve seen this in September. Correction ended, liquidity was injected, trend turned, and within three days price was 20% higher.<\/p>\n<\/div>\n<div class=\"blockquote-attribution\">\n        <img decoding=\"async\" class=\"author-image lazyload\" src=\"https:\/\/cdn.cryptonews.com.au\/2025\/11\/18141752\/Michael-van-de-poppe.png\"\/><img decoding=\"async\" src=\"https:\/\/cdn.cryptonews.com.au\/2025\/11\/18141752\/Michael-van-de-poppe.png\" class=\"author-image\" data-eio=\"l\"\/>        Micha\u00ebl van de Poppe    <\/div>\n<\/div><\/div>\n<p>Bitcoin,Market Analysis#Bitcoin #Drops #US80K #Arthur #Hayes #Exits #Crypto #Trades1792997568<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell to US$79,624, down 3.4% for the week, while Ethereum, XRP, Solana and Hyperliquid also recorded weekly losses. Crypto liquidations reached roughly US$815 million over 24 hours, including more than US$400 million in long positions closed within four hours. US spot Bitcoin ETFs recorded US$301.2 million in weekly net inflows despite US$773.5 million in<\/p>\n","protected":false},"author":1,"featured_media":14921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3187,91,62,102,186,3188,306,7545],"class_list":["post-14920","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-arthur","tag-bitcoin","tag-crypto","tag-drops","tag-exits","tag-hayes","tag-trades","tag-us80k"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Drops Below US$80K as Arthur Hayes Exits Crypto Trades - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14920\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Drops Below US$80K as Arthur Hayes Exits Crypto Trades\" \/>\n<meta property=\"og:description\" content=\"Bitcoin fell to US$79,624, down 3.4% for the week, while Ethereum, XRP, Solana and Hyperliquid also recorded weekly losses. 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