Arthur Hayes Issues Warning of Bitcoin Volatility in the Lead-up to US Tax Day

Ex-BitMEX CEO Makes a Market Alert

Arthur Hayes, ex-BitMEX CEO, has commented on the recent market instability, warning Bitcoin (BTC) traders of potential volatility in the lead-up to April 15, the deadline for US tax filing.

Speaking recently on X (formerly Twitter), Hayes had this to say:

"Market no likey 'Liberation Day.' If $BTC can maintain $76.5K between now and US tax day Apr 15, then we are out of the woods. Don't get chopped up!"

Bitcoin's Recovery Remains Uncertain

Hayes' caution comes as Bitcoin's price fell towards $82,000, while gold broke above $3,150, as global economic uncertainty sparked by US President Donald Trump's recent tariff policies.

The Trump administration applied a 10% tariff to all nations beginning April 5, with additional rates on the largest economies in the world, including China (34%), the European Union (20%), and Japan (24%). This step, made public during an April 2 address in the Rose Garden, was further strengthened by a declaration of national emergency, which shook financial markets.

First, the crypto market initially responded positively, pushing Bitcoin to $88,500. As the wider implications emerged, however, the market reversed sharply, dropping BTC to $82,200. Ethereum (ETH) experienced an even steeper correction, dropping from $1,934 to $1,797. The overall crypto market cap plummeted over 5%, closing at $2.7 trillion.

Glassnode is indicating that Bitcoin is experiencing seller fatigue, yet a new wave of bullish trend has not developed yet. Glassnode said it has been in the correction stage since Bitcoin hit an all-time high of $109,000 in January, with on-chain data indicating recoveries in recent times are temporary rather than heralding a real reversal.

Major Support Levels Instrumental to Bitcoin Stability

Hayes believes that Bitcoin’s ability to hold $76,500 until April 15 could determine whether the crypto market stabilizes or enters a prolonged downturn.

Interestingly, Hayes had recently forecasted that Bitcoin may cross $250,000 by the end of 2025, crediting his prediction to increasing fiat supply. He also predicted that if the US Federal Reserve shifts its gears to quantitative easing (QE), pumping in liquidity into the economy, it may trigger a significant BTC rally next year.

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