Arthur Hayes changed his mind: Get ready for a massive altcoin season!

Recently, Arthur Hayes, who came into the spotlight with an article he wrote and stated that he exited all liquid altcoin positions in his fund Mealstrom, expressed that they have fully shifted to buying altcoins after the recent rises.

Hayes said, "In my last write-up, I was a bit pessimistic due to the U.S. Treasury pulling cash from the market. So what has changed? Bitcoin has broken its all-time high with strong volume. ETH is following closely and will show a stronger performance. Get ready for a massive altcoin season. The market thinks that Trump will backtrack on tariffs (TACO). So we at Maelstrom Fund are going full throttle into buying."

The billionaire trader had announced last week that they were exiting altcoins due to expectations of liquidity tightening. Hayes stated that they had shifted to a stable coin weighted position and anticipated liquidity tightening until the end of August. Hayes, who suggested that liquidity would increase again in September and that this period would present opportunities for altcoin purchases, saw the lifespan of these predictions be short-lived. Cryptocurrencies have entered a rally period led by Bitcoin's record highs.

The founder of BitMEX stated yesterday that he thinks ETH will reach 10,000 dollars. He had previously claimed that Bitcoin would rise to 250,000 dollars by the end of the year.

Published: July 11, 2025 19:08