Hayes, Davinci Jeremie Urge Buy-the-Dip as Bitcoin Falls

Bitcoin slipped below $80,000 on Wednesday, and two veteran crypto investors urged holders to buy the dip, calling the pullback a forced shakeout tied to rising 10‑year U.S. Treasury yields. Traders were watching the $80,000 level as recent macro data and renewed trade tensions added selling pressure.

Prices traded near $79,525, down about 1.3% over 24 hours and roughly 37% below the October 2025 record high of $126,080. The decline followed a jump in 10‑year Treasury yields after hotter-than-expected consumer and producer inflation readings earlier in the week.

Arthur Hayes linked the spike in yields to strain on traditional financial markets and said higher yields would increase pressure on the U.S. administration to reach a trade agreement with China. He wrote, “IMO spiking 10yr TSY yields will force Trump to bring home a deal with China otherwise the wheels are going to fall off TradFi markets. I’m buying dips here.” Hayes has previously warned of a near-term slide to $70,000 before a recovery and projects a longer-term target of $250,000 for Bitcoin if the Federal Reserve returns to quantitative easing.

Colin Basco, a quantitative strategist at Deribit Prime Trading, flagged the $80,000 level as technically important. “If $80K flips from resistance into support, the bullish interpretation gets much stronger,” he said, adding that continued ETF inflows will need to absorb supply rather than appear only on price dips.

Davinci Jeremie pushed back against panic, calling the price action a recurring shakeout rather than a market top. He wrote, “It’s not a dip, it’s a shakeout,” and noted he has observed similar patterns several times since 2011. Jeremie recalled advising viewers in 2013 to buy small amounts of Bitcoin; a $1 stake then has grown many times over as the token rose through the years.

Separately, U.S.-China trade negotiations were reported to be weighing tariff adjustments on about $30 billion of imports, a factor market participants said could influence near-term risk appetite across equities and crypto. Investors continue to watch inflation readings, Treasury yields, trade developments and ETF flow data for signals on where prices may head next.