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CryptoUpdated×2•Originally published 16 April 2026•Updated 18 April 2026•

1 min read

Arthur Hayes Flags Crypto 'No-Trade Zone' and Sets $90,000 Bitcoin Target

Golden Bitcoin coins, digital charts, and upward green arrows on an orange world map background, depicting crypto growth.

Key Facts

1BitMEX co-founder Arthur Hayes describes the current crypto market as being in a “no-trade zone” based on two key developments.

2Hayes outlined potential scenarios for Bitcoin reaching price levels between $80,000 and $90,000.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: Updated the story to include Arthur Hayes transferring 3,000 ETH to exchanges, signaling a partial portfolio repositioning.

Version 1about 2 months ago

What changed: The story was updated to include Hayes's disclosure that 90% of his net worth is in Bitcoin and his decision to halt further purchases despite his bullish targets.

Arthur Hayes, co-founder of BitMEX, recently characterized the crypto market as a "no-trade zone" despite holding over 90% of his wealth in Bitcoin (BTC). However, new on-chain data shows Hayes transferred 3,000 ETH (approximately $6.9 million) to Bybit and Binance exchanges, signaling a shift toward active portfolio repositioning. The source wallet still retains 5,278 ETH, suggesting this move is a partial adjustment rather than a full market exit. While Hayes maintains long-term targets of $80,000 to $90,000 for Bitcoin, he remains cautious about instability driven by global tensions and central bank policies. These exchange transfers highlight a strategic pivot as the analyst navigates the interplay between global liquidity and digital asset exposure.