Arthur Hayes’ Witty Predictions: Bitcoin Dominance and Whale Antics Unmasked!

by

Well, well, well! If it isn’t Arthur Hayes, once the big cheese at BitMEX, chiming in once more to tickle our Bitcoin fancies. This chap, a real bull in the crypto china shop, declares that Bitcoin is about to reign supreme once again, much like a cat on a hot tin roof. đŸ±đŸ”„

In a recent tweet that could only be described as positively electrifying, Hayes has proclaimed his avoidance of those pesky altcoins, which seem to be losing value faster than a leaky bucket. đŸȘŁâœš Why bother with the riff-raff when Bitcoin is calling his name? How very droll!

Arthur “The Bitcoin Oracle” Hayes Foresees Glory

With the precision of a Swiss watch, Hayes has taken a rather adamant position on our dear cryptocurrency landscape. It appears he’s been on a delightful Bitcoin shopping spree while sidestepping altcoins as one might avoid an ex at a party. He even mentioned some financial shenanigans in the good ol’ U.S. of A. involving interest rates, presumably while sipping a fine gin and tonic. 🍾

In his most recent missive, he jovially stated: “Been nibbling on $BTC all day, and shall continue. Shitcoins are getting in our strike zone but I think #bitcoin dominance keeps zooming towards 70%.” Ah, the way he refers to altcoins as “shitcoins” – one could almost mistake him for Gordon Ramsay in a crypto kitchen! 😂👹‍🍳

Been nibbling on $BTC all day, and shall continue. Shitcoins are getting in our strike zone but I think #bitcoin dominance keeps zooming towards 70%. So we are not gorging at the shitcoin supermarket. Remember, money printing is the only answer they have.

— Arthur Hayes (@CryptoHayes) April 7, 2025

Hayes, our ever-engaging oracle, spills the beans on monetary policy and how it’ll give Bitcoin a leg up against inflation and the currency shenanigans of central banks. “So we are not gorging at the shitcoin supermarket,” he quipped. Such imagery! It’s enough to make one wonder if he has a hidden career as a market-themed stand-up comedian.

Now, that ambitious 70% domination goal has more aspiration than a cat eyeing a can of tuna. If achieved, it would mean wallets will be overflowing with Bitcoin while altcoins are packing up for an extended vacation to who-knows-where.

A Whale of a Time: Accumulation Reaches New Heights

Enter the on-chain analytics wizards at Glassnode, who have waved their magic wands and revealed that our dear friends in the crypto ocean—those Bitcoin whales—are gobbling up the good stuff. Their data shows these behemoths, holding a staggering more than 10,000 BTC, scored a nearly perfect 1.0 on the accumulation scale! Now that’s one heck of a shopping spree! 🎉🐋

Whales holding >10K $BTC briefly hit a perfect accumulation score (~1.0) at the turn of the month, reflecting intense 15-day buying. The score has since eased to ~0.65, still signaling steady accumulation.
Meanwhile, cohorts from <1 $BTC up to 100 $BTC have intensified their


— glassnode (@glassnode) April 7, 2025

These big players seem to be accumulating like it’s the last round of a pub quiz, while smaller holders appear to be doing the exact opposite—distributing their Bitcoin stash like it’s going out of fashion. The disparity is so pronounced, it’s practically begging for a dramatic movie adaptation!

Spotting this divergence could lead one to suspect that major market movements are just around the corner, much like a suspenseful cliffhanger in a melodramatic novel. 📖

Bitcoin Finds a Cozy Nook at $74,000

According to the astute observations from Glassnode, Bitcoin seems to have found a rather plush support level around $74,000, like a bear in hibernation. But just as a polite reminder, both Bitcoin and its beleaguered altcoin compatriots have shed some serious pounds—double digits in just 24 hours. đŸ˜±

This snug price point aligns with a “supply cluster,” presenting a cozy habitat for those who got limbered up in the market over the last five months. If this support holds, one might suspect a thrilling recovery back toward previous highs—cue the dramatic music! đŸŽ¶

Our dear friend Ted from OKX has also chimed in, suggesting that Bitcoin is inching toward reclaiming its weekly 50-EMA level. If it succeeds, expect to see a relief rally, my dear Watson! However, should our heroic Bitcoin fail, some gloomy corrections could be in store—nobody wants to revisit last year’s cringe-worthy hangouts at $67K levels. 😬

$BTC is trying to reclaim the weekly 50-EMA level.

This has acted as a bull/bear line for BTC.

If BTC fails to reclaim it, expect a correction towards $69K-$70K (2021 highs), and even the $67K (Saylor average entry) level could be retested.

In case BTC reclaims this level, a


— Ted (@TedPillows) April 7, 2025

As the crypto world holds its breath, liquidations have soared beyond $600 million, and Bitcoin has dipped below the hallowed $80,000 mark. What a rollercoaster of a ride! 🎱 Let’s pop the popcorn and see how this tale unfolds!

Read More

2025-04-07 20:07