Arthur Hayes Predicts Explosive Altcoin Season as Bitcoin and Crypto Markets Surge to New Highs

Crypto Bull Run Ignites: Arthur Hayes Signals the Onset of a Major Altcoin Rally

Former BitMEX CEO Arthur Hayes has shifted his outlook on Bitcoin and the broader crypto landscape as digital asset prices post impressive gains. After previously voicing caution over potential liquidity headwinds in the market, the renowned crypto investor now declares the arrival of a “monster alt season” amid explosive momentum.

Bitcoin’s New All-Time High Sets the Stage

In a post on X (formerly Twitter) on July 11, Hayes highlighted Bitcoin’s (BTC) breakout to new record highs as a pivotal moment. Just weeks ago, he warned that the U.S. Treasury's TGA (Treasury General Account) refill could sap liquidity from financial markets, putting pressure on risk assets like cryptocurrencies in the short term. However, the recent surge in Bitcoin’s price and trading volumes – with BTC soaring beyond previous all-time highs – appears to have alleviated these concerns.

“I was slightly bearish in my last essay due to the TGA refill. What changed? $BTC busted through ATH on good volume,” Hayes noted, pointing to strong investor interest and robust on-chain activity.

Ethereum and Altcoins Poised for Outperformance

While Bitcoin has led the current crypto rally, Hayes now anticipates Ethereum (ETH) will take the spotlight, reflecting the asset’s steady upward trajectory in recent days. Historically, such price action often leads investors to rotate capital from major cryptocurrencies into altcoins, setting the stage for widespread altcoin price appreciation.

“Get ready for a monster alt szn,” Hayes urged his followers, signaling bullish expectations for the likes of SEI (SEI), SUI (SUI), and HBAR (HBAR) – all of which have surged between 10% and 20% in the past 24 hours. Data shows that over 98% of altcoins are currently outperforming Bitcoin in this ongoing rally.

Macro Trends and Market Sentiment Fuel Momentum

Several macroeconomic shifts are adding fuel to the bullish fire. Hayes pointed out that markets anticipate potential tariff reductions from U.S. President Trump, which could spur global trade and heighten risk appetite among investors. Previously, he predicted that Bitcoin must cross the $110,000 threshold for a true altcoin season to initiate – a milestone now achieved earlier than many expected.

All Eyes on the Future: Bold Price Targets and Market Dominance

Looking further ahead, Hayes remains resolutely bullish on Bitcoin’s prospects, forecasting a surge to $250,000 by year-end and envisioning a path to $1 million by 2028 if bullish macro conditions persist. While the CMC Altcoin Season Index currently sits at 30/100, denoting continued Bitcoin dominance, many analysts agree the shift toward a major altcoin rally is already underway.

As of the time of writing, Bitcoin continues to post fresh all-time highs, recently trading above $118,500 and reinforcing a period of historic gains across the crypto market. With sentiment flipping bullish and capital flowing into a broader array of digital assets, the crypto community is watching closely as a new and potentially historic altcoin season unfolds.