Bitcoin Surges as Arthur Hayes Predicts Bullish Altcoin Season

Bitcoin has broken through its all-time high, with notable trading volume marking the surge. Arthur Hayes, BitMEX co-founder, stated on July 11, 2025, this signals the start of a bullish phase. Ethereum, closely behind, is expected to lead a forthcoming altcoin season.

This market activity suggests a positive shift, driven by robust capital flows and trading dynamics. Hayes links expectations of new tariff moves by Donald Trump to possible liquidity impacts on crypto markets.

Bitcoin Breaks All-Time Highs Amid Surging Volumes

Bitcoin’s breakthrough marks a significant milestone in crypto markets, with strong trading volumes supporting the upward momentum. Arthur Hayes, co-founder of BitMEX, highlighted Bitcoin’s surge as a turning point for the broader market. Ethereum is expected to quickly follow with notable growth. Hayes had previously displayed caution, pointing to US Treasury General Account (TGA) liquidity maneuvers as concerns, but the market’s resilience altered his stance.

The shift to a more bullish outlook is underscored by both the price action of cryptocurrencies and institutional investments in Ethereum. Companies like GameSquare and SharpLink Gaming have demonstrated confidence by allocating substantial resources to Ethereum strategies, indicating a strong institutional backing behind the rally. Furthermore, expectations of policy changes under Trump add another layer of complexity to market sentiment.

The market response has been largely positive, as reflected in community discussions on social platforms and financial forums. Hayes emphasized on social media, “BTC busted through ATH on good volume. ETH is following and will outperform, get ready for a monster alt szn.” This expression of momentum is resonating strongly across crypto communities, with institutional stakeholders further validating the market’s optimism.

Ethereum Primed for Outperformance in Anticipated Altcoin Season

Did you know? Historical data shows that post-all-time highs, Bitcoin often outperforms for several weeks, with altcoins experiencing significant inflows. This scenario aligns with Hayes’s current outlook, suggesting selective growth during this cycle.

As of July 11, 2025, Bitcoin’s current price has reached $117,672.42, with a market cap of $2.34 trillion, as reported by CoinMarketCap. It commands a market dominance of 63.52% and experienced an 85.27% increase in 24-hour trading volume. The cryptocurrency has seen a gain of 9.03% over the past 7 days and a substantial rise of 38.86% in the last 90 days, highlighting its strong upward trajectory.

Insights from the Coincu research team indicate an evolving financial landscape where smart contract platforms like Ethereum will benefit from upcoming upgrades and increased capital allocations. They suggest that while market optimism is tangible, investors are advised to focus on projects with deep liquidity and solid technological foundations to navigate potential volatility.