Key Notes
- Arthur Hayes says that the spike in Bitcoin indicators the onset of a “monster altcoin season.” This marks a pivot from his earlier bearish stance {that a} main selloff looms for the asset class.
- Altcoins like SEI, SUI, and HBAR have already recorded double-digit positive factors over the previous 24 hours.
The cryptocurrency market has recorded a notable rally over the past 24 hours, and Arthur Hayes, the famend co-founder of BitMEX, has now made a daring prediction for altcoins.
The outstanding determine shared his opinion on the way forward for the crypto market in a Friday put up on X.
From Bearish Stance to Bullish Forecast
Hayes went from a bearish stance to an overwhelmingly bullish forecast, signaling the onset of a “monster altcoin season.” He claimed that this sentiment could be pushed by market indicators and political developments, sparking curiosity and debate amongst buyers and analysts alike.
I used to be barely bearish in my final essay as a consequence of TGA refill. What modified?$BTC busted via ATH on good quantity$ETH is following and can outperform, prepare for a monster alt szn.
Mrkt thinks Trump will TACO on tariffs, so fuck it: @MaelstromFund is backing up the truck!— Arthur Hayes (@CryptoHayes) July 11, 2025
Beforehand, the previous BitMEX CEO raised considerations in regards to the Treasury Common Account (TGA) refill, which embodied the US Treasury’s efforts to rebuild its money steadiness on the Federal Reserve.
In his opinion, this refill is able to pressuring danger belongings by draining liquidity from the market, a transfer that might dampen short-term sentiment.
These fears had been instantly invalidated by the sharp excessive strikes seen within the crypto market this week. Particularly, the previous BitMEX CEO acknowledged that the spike in Bitcoin
BTC
$115 951
24h volatility:
4.2%
Market cap:
$2.31 T
Vol. 24h:
$56.12 B
worth is answerable for his sudden pivot. For context, Bitcoin hit a number of new all-time-highs inside 2 hours.
BTC is at the moment buying and selling at $117,850.48, corresponding with a 6.2% worth improve over the past 24 hours. The flagship cryptocurrency now has a market capitalization of $2.34 trillion and a 24-hour buying and selling quantity of $123.92 million, suggesting huge merchants and buyers exercise.
Arthur Hayes additionally talked about Ethereum’s
ETH
$2 949
24h volatility:
6.5%
Market cap:
$356.59 B
Vol. 24h:
$39.25 B
substantial uptick throughout the similar interval, citing that the coin might quickly take the lead into a sturdy altcoin season.
There’s a observe document of such market momentum previous capital rotation into altcoins. This historical past possible backs Hayes’ forecast in regards to the long-awaited altcoin season being close to.
In the meantime, Hayes highlighted the market’s perception that President Donald Trump might soften his stance on tariffs, utilizing the acronym “TACO” (Trump At all times Hen Out).
It’s believed that diminished tariffs may weaken the US greenback. Ought to this occur, it’s more likely to be a bullish sign for Bitcoin and, by extension, altcoins.
Right here Comes the Altcoin Season
Indicators of a bullish altcoin season are already seen with the likes of SEI Community
SEI
$0.31
24h volatility:
15.7%
Market cap:
$1.70 B
Vol. 24h:
$392.97 M
, SUI
SUI
$3.49
24h volatility:
13.4%
Market cap:
$12.06 B
Vol. 24h:
$1.73 B
, and Hedera
HBAR
$0.19
24h volatility:
10.9%
Market cap:
$8.05 B
Vol. 24h:
$354.58 M
recording between 10% and 20% rally over the previous 24 hours. Because it stands, greater than 80% of altcoins are outperforming Bitcoin within the ongoing rally.
Though SEI has been on an uptrend this previous week, recording optimistic momentum in a number of metrics. Nansen famous that the altcoin posted a staggering 368% growth in transaction fees inside 30 days. At this stage, it conveniently led all chains by a large margin.
The transfer cemented SEI’s place because the fastest-growing L1 by way of financial exercise, because it left behind contenders like Unichain
UNI
$8.47
24h volatility:
1.7%
Market cap:
$5.09 B
Vol. 24h:
$688.99 M
, Avalanche
AVAX
$20.69
24h volatility:
5.9%
Market cap:
$8.74 B
Vol. 24h:
$642.74 M
, Aptos
APT
$4.88
24h volatility:
5.2%
Market cap:
$3.16 B
Vol. 24h:
$263.58 M
, and Gravity Chain. The subsequent altcoin season is more likely to carry extra positive factors to SEI alongside XRP
XRP
$2.54
24h volatility:
5.7%
Market cap:
$150.43 B
Vol. 24h:
$5.30 B
and different prime performers.
Be certain that to maintain a detailed eye on the crypto area within the coming days to see which crypto will explode because the altcoin rally positive factors momentum.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.
Benjamin Godfrey is a blockchain fanatic and journalist who relishes writing about the actual life purposes of blockchain know-how and improvements to drive normal acceptance and worldwide integration of the rising know-how. His want to teach individuals about cryptocurrencies evokes his contributions to famend blockchain media and websites.
