Former BitMex founder Arthur Hayes, who made a name for himself with his predictions for cryptocurrencies, wrote that the crypto money market will fall even more. Pointing out that $20,000 for Bitcoin (BTC) and $1,000 for Ethereum (ETH) in his previous article is an important level, Hayes wrote in his current article that the next 6 to 12 months will be even more terrible for the crypto money market.

According to Hayes, liquidity will be a problem in the crypto market in the second half of 2022 and early 2023. Arthur Hayes said the following about the decline while writing his article:

   “Sometimes you just want to go through the pain to remind yourself that you still exist. In this context, I think altcoins will lose 50% of their current value in the coming weeks.”


Stating that he will look for new decreases in the bear market, Hayes stated that he expects an increase in NFT altcoins such as Ethereum Name Server and LooksRare, which have lost 98% of their value and have reached the bottom levels, but are still at the same levels.

Finally, Arthur Hayes, who admitted that he remained optimistic and wrong in his previous Bitcoin (BTC) and Ethereum (ETH) predictions, thinks that the crypto market may face the biggest selling pressure between June 30 and July 5. Stating that Bitcoin (BTC) and Ethereum (ETH) may have found the bottom with the latest market correction in early June, Arthur Hayes argued that BTC would find support between $25,000-27,000 and Ethereum (ETH) $1,700-1,800.

However, in his recent article, Hayes argued that $20,000 in Bitcoin (BTC) and $1,000 in Ethereum (ETH) is important, and said that if these levels are broken, you can shut down your computer.