**Bitcoin Slides Over 17% in Ten Days, Falling Below $104,000 Amid Market Uncertainty**
Bitcoin has experienced a sharp decline of more than 17% over the past ten days, slipping below $104,000 following record highs. The cryptocurrency reached an all-time high of $126,198 on October 7, according to Coingecko data, before succumbing to a wave of selling pressure. This sudden drop has divided market sentiment, with prominent voices offering contrasting forecasts about Bitcoin’s near-term outlook.
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### Market Faces Growing Pressure
The recent downturn coincides with reports of financial strain at U.S. regional banks such as Zions Bank and Western Alliance Bank. These developments have sparked fears over broader instability within the U.S. banking system, fueling uncertainty in the digital asset market.
Bitcoin exchange-traded funds (ETFs) have seen significant outflows, with nearly $536 million withdrawn in a single day. ETF data showed red sessions on four out of five consecutive trading days, highlighting growing caution among institutional investors. Furthermore, analysts noted that over 51,000 BTC moved from miners to exchanges last week, indicating potential liquidation pressure.
Economist Peter Schiff weighed in, commenting that Bitcoin has lost more than 30% of its value against gold since its recent peak. “The idea of Bitcoin as digital gold has failed,” Schiff stated, calling the current period “the beginning of a brutal decline.”
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### Arthur Hayes Calls the Drop a Buying Opportunity
In contrast to the bearish outlook, BitMEX co-founder Arthur Hayes urged investors not to panic. Writing on X (formerly Twitter), Hayes described the Bitcoin dip as “BTC on sale” and encouraged investors to view the decline as a chance to accumulate.
Hayes argued that if banking stress deepens, the U.S. government might intervene with bailouts similar to those seen in 2023. “Be ready for a 2023-like bailout,” he wrote, noting that renewed monetary easing could bolster digital assets.
According to Hayes, escalating financial instability could drive more investors towards cryptocurrencies as alternative stores of value. He suggested that any rebound could be stronger than the recovery following the 2023 crisis, signaling potential upside for patient buyers.
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### Andrew Tate Warns of a Steeper Decline
On the other end of the spectrum, influencer Andrew Tate predicted a more severe downturn for Bitcoin. Tate warned his millions of followers that Bitcoin could crash as low as $26,000 before a genuine recovery begins—levels comparable to the lows seen in September 2023.
Tate criticized what he called “blind optimism” in the market, arguing that this sentiment prevents Bitcoin from finding a true bottom. “Everything can always get worse. The price can always go lower,” he cautioned.
He further claimed that the market would only start to recover once “everybody has lost all their money,” signaling the exhaustion of excessive bullish sentiment. Despite ongoing legal challenges in Romania, Tate remains a vocal figure in online financial discussions, promoting self-reliance and disciplined wealth-building approaches.
His bearish stance has resonated with some retail traders who view him as a contrarian voice amidst prevailing bullish narratives.
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### Uncertain Outlook for Bitcoin
The stark contrast between Arthur Hayes and Andrew Tate exemplifies the broader divide in investor psychology surrounding Bitcoin right now. Optimists see the recent drop as a healthy correction following a strong rally, while pessimists warn of deeper losses amid persistent macroeconomic risks.
With ongoing U.S.-China trade tensions and mounting pressure in the financial sector adding to market volatility, Bitcoin’s next move remains difficult to predict. Institutional caution paired with retail speculation has created a market driven by a mix of fear and opportunity.
For investors, the current dip poses a critical question: is this a buying opportunity, or a warning sign to stay on the sidelines and wait?
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*Stay tuned for further updates as the situation develops in the coming weeks.*
https://coincentral.com/arthur-hayes-urges-bitcoin-buying-as-andrew-tate-warns-of-deeper-fall/