Arthur Hayes: Altcoin Season About to Begin as Market Sentiment Shifts Positively
According to data from ChainCatcher, Arthur Hayes – co-founder of the cryptocurrency derivative exchange BitMEX – recently shared on social media that market sentiment has changed significantly, signaling the approaching Altcoin season.
Previously, Hayes held a somewhat negative (bearish) view due to concerns about the US Treasury General Account (TGA) adding budget sources, which could put pressure on market liquidity. However, he now says his perspective has changed. Specifically, Bitcoin has surpassed its historical peak with positive trading volume, indicating that capital is returning to the market. Meanwhile, Ethereum is also closely following the upward trend and is predicted to perform exceptionally in the near future.
Hayes predicts that the Altcoin season is approaching, and the market is currently expecting potential surprising tax policy moves by former US President Donald Trump if he is re-elected, which could strongly impact cryptocurrency market trends.
Additionally, the famous investor Maelstrom has increased his position and expressed a bullish outlook, further reinforcing the view that the market is entering a new explosive phase.
