Hayes, Davinci Jeremie Urge Buying After Bitcoin Drops Below $80K

Bitcoin slipped below $80,000 on May 13, 2026, trading near $79,525, down about 1.3% over 24 hours and roughly 37% below its October 2025 peak of $126,080. The decline followed hotter-than-expected consumer and producer inflation readings and a jump in 10-year U.S. Treasury yields.

Former BitMEX CEO Arthur Hayes told followers he is buying the dip and linked the pullback to rising 10-year yields and trade pressure. 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 said he expects a short-term slide toward $70,000 before a recovery and projects Bitcoin could reach $250,000 if the Federal Reserve returns to quantitative easing.

Investor and early Bitcoin backer Davinci Jeremie characterized the drop as a familiar market shakeout rather than a cycle top, saying panic sellers often regret exits weeks later. He recalled a 2013 video in which he advised buying a small amount of Bitcoin when the price was near $116; that stake would be worth about $682 at current levels.

Quantitative strategist Colin Basco of Deribit Prime Trading identified $80,000 as a key technical level. He noted, “If $80K flips from resistance into support, the bullish interpretation gets much stronger,” and added that continued demand from spot Bitcoin exchange-traded funds will be needed to absorb available supply rather than merely creating buying on short-term dips.

Traders linked short-term selling in cryptocurrencies and other risk assets to higher government bond yields and renewed tariff tensions between the United States and China. The recent inflation readings contributed to the rise in yields that market participants cited as a catalyst for selling.

Bitcoin has seen strong institutional inflows since spot ETFs launched months ago. Market participants are watching whether ETF demand will continue to absorb selling pressure if volatility persists. The current pullback follows a rapid multi-month rally that produced a record high in late 2025, and investors are weighing macroeconomic data, central bank policy expectations and trade developments as determinants of the next moves for crypto and broader markets.