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 (BTC) 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

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

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

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.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*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.

Reference

• Coingape. Arthur Hayes Predicts 70% Bitcoin Dominance as BTC Whales Hit Peak Accumulation. Accessed on April 9, 2025
• Featured Image: CCN