Arthur Hayes Predicts Bitcoin Bull Run and Altcoin Season Amid HYPE Surge, Highlights Hyperliquid’s Rally and Market Shifts

Arthur Hayes, co-founder of BitMEX and leader of the Maelstrom fund, is amplifying market anticipation of an imminent altcoin season alongside a broader Bitcoin bull run. Hayes previously cited global quantitative easing and US bond market volatility as factors driving capital flows into Bitcoin, notably entering positions between $90,000 and $74,000—which he considers a cycle bottom. Recently, his social media comments spotlighted Hyperliquid (HYPE), whose price surged over 115% since April 7, with a 55% monthly gain. Hayes noted HYPE’s momentum is driven by rising open interest in derivatives, platform enhancements adding 21 permissionless validators for greater decentralization and security, and lower trading fees from new staking models. Technically, HYPE’s RSI approached 64, not yet overbought, and prior bearish MACD signals have eased. Traders face resistance at the $20–$22 range, with crucial support at $17. Hayes emphasized the market’s transition toward altcoins with genuine revenue and utility—such as Pendle, EtherFi, and Solana-linked projects—predicting strong capital inflows into quality altcoins once Bitcoin dominance stabilizes. He cautioned, however, that heightened bullishness and volatility mean altcoin risks remain high. Overall, Hayes expects both Bitcoin and select altcoins to benefit from supportive monetary policy, but urges traders to remain alert to key technical levels and market risks.