Arthur Hayes Warns AI Stock Selling Could Push Bitcoin (BTC) Toward $75,000

A Warning After the $81,000 High

Bitcoin (BTC) trades at $75,710, sitting 0.9% above the $75,000 floor Arthur Hayes has flagged as the next downside mark and roughly 5.6% beneath the $80,190 Fibonacci line the midterm rally gave back. The Maelstrom co-founder frames the ongoing sell-off in AI-linked equities as the main obstacle to a stronger advance: if traders keep unloading AI stocks, he argues, the price of Bitcoin and the wider altcoin market can weaken with them. His caution is deliberately short-term. A more forceful rally, in his reading, requires specific macro conditions to change, and an eventual crisis inside the AI industry would push central banks to cut rates, a response he expects to turn favorable for crypto over a longer horizon. The warning closes out a volatile Thursday session. Democratic wins in the United States midterms restored appetite for risk assets, and the Bitcoin (BTC) price climbed from $75,700 to an intraday high of $81,000, the largest one-day gain since September 21. Inflows resumed into spot Bitcoin (BTC) ETF products during the move, restoring a demand channel that had gone quiet. The advance did not hold. The quote has eased a further 0.5% since the latest reading and stands 6.3% lower across 24 hours, which places the market back inside the lower half of Thursday's range. Wall Street's earlier expectation was that a post-election recovery in risk assets would carry Bitcoin above $80,000 into year-end. Whether that scenario survives now depends on how long the AI-driven selling in equities runs.

Miner Position Index Cooled to 0.2

On-chain data carried the first early-strength signals of the session even as the price folded back. The miner position index, a gauge of how heavily mining operators are selling relative to their flows, spiked to 2.9 and then dropped to 0.2. The lower reading means miners are sending less supply to market, a condition that can support a recovery once buyers step back in. The spike coincided with a named sale: Riot Platforms (RIOT) sold 10,599 Bitcoin (BTC) at the point where the index topped out, and the disposal lands in an industry already retrenching, with Core Scientific on track to complete its Bitcoin mining exit by year-end 2026. Large-holder activity is harder to read. Exchange whale-ratio data stayed above 0.9, a level that says big wallets are active without saying whether they are buying or selling; if the accumulation side wins out, any recovery would have a base to stand on. The charts frame the stakes in both directions. The $80,000 zone capped the rally again, with the Fibonacci 61.8% retracement line at $80,190, and three consecutive daily closes above it would put $82,900 in play as the next target. The relative strength index failed to print a higher high during the advance, and the Chaikin money flow indicator hovered near zero, leaving neither side in control of the flow of funds. Beneath the market, the $78,200 marker the four-hour charts had set as the first downside line already sits above the quote, and Bollinger bands widened after the rally tagged the upper band, leaving the mid-band at $78,400 overhead as well. The scenario Hayes laid out runs from $75,000 down to the psychological $70,000 mark if AI-driven selling accelerates.

Composite scoring across the indicators we track frames the current market as a downtrend with thin room beneath. The strongest support under the quote sits at $73,722.51, scored 63/100 from a confluence that includes the 200-day moving average, while the heaviest resistance waits at $82,211.36, scored 97/100 where the 50-day average meets the top of the Ichimoku cloud. Positioning leans to one side of the tape: the perpetual funding rate reads just 0.0071%, and the long/short account ratio stands at 3.32, with 76.8% of accounts holding long. The relative strength index reads 37.66, in line with the downtrend label, and a live Bitcoin technical analysis view tracks each level as it updates. Measured from the live quote, the market sits $1,988 above the $73,722 support, the nearest edge on either side of the price.