- Arthur Hayes turns bullish, foreseeing a major altcoin rally fueled by liquidity shifts.
- Ethereum eyes $10K as Hayes cites growing adoption and strong institutional inflows.
- Stablecoin liquidity could unlock $6.8T, boosting crypto markets and DeFi expansion.
The cryptocurrency space is once again buzzing with optimism as BitMEX co-founder Arthur Hayes turns decisively bullish. After expressing caution, Hayes anticipates a massive altcoin rally on the horizon.
With Bitcoin recently smashing past its all-time highs and Ethereum gaining significant momentum, Hayes believes the stage is set for an explosive altcoin season.
His renewed confidence stems from current market strength, macroeconomic trends, and institutional interest, all aligning to create a favorable setup for a sharp rally in altcoins.
I was slightly bearish in my last essay due to TGA refill. What changed?$BTC busted through ATH on good volume$ETH is following and will outperform, get ready 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
Hayes had earlier expressed concerns about the U.S. Treasury General Account (TGA) refill draining liquidity from financial markets. However, Bitcoin’s breakout above $118,000 and Ethereum’s approach to the $3,000 mark shifted his outlook.
He now sees the TGA impact as a temporary challenge rather than a long-term threat. This change in sentiment comes as institutional capital increasingly flows into crypto, especially Ethereum. According to Hayes, this could lead Ethereum to outperform Bitcoin in the coming months.
Ethereum’s Rise and the Stablecoin Liquidity Factor
Hayes remains particularly bullish on Ethereum, forecasting a potential rise to $10,000. He attributes this to growing corporate adoption and strong on-chain performance.
Arise Chikun, it’s time…$ETH = $10,000
Yachtzee😍😍😍😍😍😍😍😍 pic.twitter.com/zRGlPh9LTJ
— Arthur Hayes (@CryptoHayes) July 10, 2025
Ethereum’s use in decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise blockchain solutions continues to increase. These trends are driving renewed confidence in ETH’s long-term value.
In addition, Hayes introduced a compelling thesis on liquidity. In his blog post “Quid Pro Stablecoin,” he highlighted the emergence of bank-issued stablecoins as a major catalyst.
He believes these stablecoins could unlock over $6.8 trillion in liquidity, a powerful boost for the broader market. If major banks such as JPMorgan and Citigroup move forward with stablecoin adoption, this could significantly strengthen crypto markets.
Altcoins Gaining Ground as Momentum Builds
Source: Altcoin Season Index Chart
Currently, the Altcoin Season Index is still below the 50-mark, which suggests that the full-fledged altseason has not occurred yet. However, Hayes remains hopeful that altcoins such as Solana, Avalanche, and Cardano will follow the example of Ethereum.
He anticipates that there will be a vigorous rally inthe coming weeks, where there is improved investor sentiment and normalization of liquidity conditions.
Hayes also has pointed to his investment firm, Maelstrom, boosting its exposure to cryptos due to this positive policy outlook and the potential shift in macro economic environment. As crypto markets have risen, the question is whether Hayes is again right.
Disclaimer
The content shared on KryptoVaultDaily is for informational purposes only and does not constitute financial or trading advice. We do not offer guarantees and assume no responsibility for investment decisions based on the material provided. Always research and seek guidance from a licensed financial advisor before trading cryptocurrency or investing.
