Arthur Hayes says Bitcoin will 'explode' past $90,000 on way to $126,000

BitMEX co-founder Arthur Hayes has declared the bull market is back, predicting Bitcoin will 'explode' past $90,000 on its way to a new record of $126,000. In a Substack essay on Monday, Hayes, now chief investment officer of crypto fund Maelstrom, said Bitcoin found a bottom at $60,000 earlier this year and that retaking its October 2025 high is a 'foregone conclusion.' The largest cryptocurrency briefly rose above $82,000 on Tuesday and recently traded around $80,600, implying a potential 55% gain from current levels.

Hayes flagged $90,000 as the level where the rally turns explosive, as writers of call options with higher strike prices would be forced to hedge, amplifying upward momentum. For crypto traders, this bullish call comes amid a backdrop of improving risk sentiment and renewed institutional interest. Bitcoin's recent price action has been supported by steady ETF inflows and declining exchange reserves, both signals of reduced selling pressure. Traders can track these moves on NowPrice's live crypto dashboard to monitor real-time price action and volume shifts.

Looking ahead, the key question is whether Bitcoin can sustain momentum above $80,000 and challenge the $90,000 threshold. Hayes' forecast aligns with a broader narrative of a cyclical bull run, but traders should watch for resistance near the October 2025 high and any shifts in macroeconomic conditions, such as Federal Reserve policy or regulatory developments, that could alter risk appetite.