Arthur Hayes Forecasts Bitcoin Dominance (BTC.D) to Reach 70% Amid Whale Accumulation!

Updated

April 9, 2025

Gambar Arthur Hayes Forecasts Bitcoin Dominance (BTC.D) to Reach 70% Amid Whale Accumulation!

Jakarta, Pintu News – BitMEX founder Arthur Hayes recently expressed his belief that Bitcoin’s dominance in the crypto market will increase to 70%.

By avoiding investing in altcoins, Hayes added to his Bitcoin (BTC) position, encouraged by monetary policy that is expected to continue supporting the value of this cryptocurrency as a hedge against inflation and currency devaluation.

Check out the full analysis here!

Bitcoin (BTC) Domination Prediction

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

Arthur Hayes is optimistic about Bitcoin (BTC) by avoiding buying altcoins.

In a tweet, Hayes stated, “I have been adding Bitcoin (BTC) all day today, and will continue to do so. Altcoins may seem attractive, but I believe Bitcoin’s (BTC) dominance will continue to increase to 70%.”

This comment confirms Hayes’ view that central bank money printing policies will continue to drive Bitcoin (BTC) as an effective hedging tool. Hayes also highlighted that loose monetary policy, which may include interest rate cuts in the US, will be instrumental in supporting Bitcoin (BTC) prices.

With this policy, Hayes believes that Bitcoin (BTC) will become more attractive than altcoins, which have higher risk and volatility.

Also read: NYSE Arca Approves Teucrium’s XRP 2X ETF!

Bitcoin (BTC) Whale Accumulation Reaches Peak

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
— glassnode (@glassnode) April 7, 2025

Based on data from on-chain analytics firm Glassnode, large holders, known as whales, increased their Bitcoin (BTC) accumulation. Whales holding more than 10,000 Bitcoin (BTC) recorded a near-perfect accumulation score of around 1.0 at the beginning of the month, indicating intense buying activity during the 15-day period.

Although this score has decreased to around 0.65, these large holders are still steadily buying. Whales’ accumulation behavior often precedes large market movements.

Historically, periods where whales accumulate while small holders sell are often followed by bullish phases in the Bitcoin (BTC) market cycle. This suggests that significant price increases could occur in the near future if this trend continues.

Also read: Bitcoin whales buy like crazy while small investors sell at a loss, what happened?

Bitcoin (BTC) forms support at $74,000

$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… pic.twitter.com/CtsyZ7q3FH
— Ted (@TedPillows) April 7, 2025

According to the latest analysis from Glassnode, Bitcoin (BTC) seems to have formed a support level around $74,000. This comes after Bitcoin (BTC) and altcoins experienced a double-digit drop in value in the past 24 hours.

This supply zone includes over 50,000 Bitcoins (BTC) trading at around $74.2K, and is a critical zone to watch to see if this support will hold.

The strength of this support level will be crucial for Bitcoin (BTC) price action in the short term, especially when the market is experiencing high volatility. If this support holds, it could be the basis for a potential recovery towards the previous highest price levels.

Conclusion

Arthur Hayes’ prediction of Bitcoin’s (BTC) increasing dominance and accumulation behavior by whales suggests strong bullish potential for Bitcoin (BTC) in the future. With strong support at $74,000, the market may see a recovery phase if these conditions continue.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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