Arthur Hayes 发布文章指出，从现在到 8 月杰克逊霍尔会议期间，市场可能会横盘整理或略微下跌。如果 TGA 补充对美元流动性产生负面影响，比特币可能下探至 90,000 至 95,000 美元区间。Maelstrom 已清仓所有流动性较差的山寨币头寸，并可能根据市场表现减少比特币风险敞口。在市场调整后，我们将有信心重新布局，寻找被低估的资产，或许能在下一轮法币流动性创造放缓之前（预计在...

<div>Arthur Hayes 发布文章指出，从现在到 8 月杰克逊霍尔会议期间，市场可能会横盘整理或略微下跌。如果 TGA 补充对美元流动性产生负面影响，比特币可能下探至 90,000 至 95,000 美元区间。Maelstrom 已清仓所有流动性较差的山寨币头寸，并可能根据市场表现减少比特币风险敞口。在市场调整后，我们将有信心重新布局，寻找被低估的资产，或许能在下一轮法币流动性创造放缓之前（预计在 2025 年第四季度末或 2026 年第一季度初），抓住 5 倍至 10 倍的收益机会。<br><br></div>

Arthur Hayes ：从现在到 8 月，比特币可能下探至 90,000 至 95,000 美元区间

Arthur Hayes published an article pointing out that from now until the Jackson Hole conference in August, the market may consolidate or slightly decline. If TGA negatively impacts US dollar liquidity, Bitcoin could drop to the $90,000 to $95,000 range. Maelstrom has cleared out all positions in low-liquidity Altcoins and may reduce Bitcoin risk exposure based on market performance. After the market adjustment, we will have confidence to reallocate, seeking undervalued assets, possibly before the next slowdown in fiat liquidity creation (expected to occur in...

<div>Arthur Hayes published an article pointing out that the market may consolidate or slightly decline from now until the Jackson Hole meeting in August. If TGA negatively impacts US dollar liquidity, Bitcoin might drop to the $90,000 to $95,000 range. Maelstrom has liquidated all positions in low-liquidity Altcoins and may reduce Bitcoin risk exposure based on market performance. After the market adjustment, we will be confident in repositioning, seeking undervalued assets, and potentially capturing 5 to 10 times returns before the next slowdown in fiat liquidity creation (expected at the end of Q4 2025 or early Q1 2026).<br><br></div>

Arthur Hayes: Bitcoin could drop to $90,000 to $95,000 between now and August

<Odaily> Planet Daily News: JPMorgan reported on Tuesday that the average Bitcoin network hash rate dropped by approximately 3% in June, primarily due to miners reducing operations amid recent heat waves. However, Bitcoin mining profitability continues to improve, with miners' average daily block reward income reaching $55,300 per EH/s last month, a 7% increase from April, and daily block reward gross profit rising 13% month-on-month, reaching a new high since January. The report also noted that the total market capitalization of the 13 U.S.-listed Bitcoin mining companies tracked by the bank increased by 23% last month, to around $5.3 billion. (CoinDesk)

JPMorgan Chase: The average monthly computing power of the Bitcoin network fell by about 3% in June, possibly due to the heat wave affecting miners' operations

Standard Chartered Bank's latest report has once again raised the short and long-term prospects of BTC: estimating a breakthrough of $135,000 in the third quarter of 2025, challenging $200,000 by year-end, and even projecting a target of $500,000 by 2028. With BTC currently hovering around $100,000, this represents a significant gap, prompting the market to ask: if the "four-year halving" is no longer the main narrative, who will take over?
[0197ca67-706e-79bf-9a48-1ac0b814807d | BlockTempo-The Most Influential Blockchain News Media...

Standard Chartered Bank report: Bitcoin hits $135,000 in Q3, led by ETF reserve craze, beware of high leverage fluctuations

<PANews> On July 3rd, according to 10x Research analysis, Bitcoin has experienced capital outflows for 98 consecutive days and is currently testing the upper limit of its consolidation range. Despite strong ETF fund inflows, continuous reduction of exchange balances, and political pressure on the Federal Reserve, Bitcoin's price remains relatively stable. With the traditional bull market season arriving in July and upcoming labor market data, the market may be brewing a significant breakthrough.

The report points out that the key factors supporting Bitcoin's rebound since late April not only continue to exist but have also gained further support. Currently, Bitcoin is attempting to break through key...