Arthur Hayes goes long BTC, calls $125K by year-end: 'Time to break out.'

BitMEX co-founder Arthur Hayes has publicly confirmed he is long Bitcoin, describing recent price action as 'a bit of chop' before what he expects to be a decisive move higher. His year-end target: $125,000.

Hayes has a track record of high-conviction macro calls on BTC, and his framing here — chop as consolidation, not distribution — aligns with a broader camp of analysts who see the current range as a coiled spring. A clean break above current resistance would be the first test of that thesis.

At $125K, Bitcoin would represent a meaningful new all-time high, implying the bull cycle still has significant runway from current levels.