Market Cycle Reassessment: Signals of the Next Bull Market Highlighted by Arthur Hayes

Bitcoin’s Rebound Signals and Liquidity Changes

As the supply-demand imbalance on spot exchanges intensifies, blockchain market analysts are paying close attention to price volatility in the coming months. Arthur Hayes, co-founder of BitMEX, recently pointed out that market conditions are fundamentally changing. Currently, Bitcoin is trading around $91.95K, and with increasing supply pressure and capital inflows, there is a high likelihood of forming short-term upward momentum.

Growth Potential of Ethereum and Advanced Financial Tokens

Ethereum(ETH) is currently trading at $3.12K, and Arthur Hayes evaluates that it has the potential to approach $10,000. Notably, this is supported not only by simple price appreciation but also by genuine ecosystem utilization.

These prospects are also linked to the performance of certain altcoin projects. Tokens like PENDLE(PENDLE, $2.16), ETHFI(ETHFI, $0.74), ENA(ENA, $0.22) are platforms that go beyond mere speculation, demonstrating substantial trading volume and cash flow. They prove their necessity within the ecosystem by performing specific financial functions such as derivatives trading, staking, and re-staking.

The 4-Year Cycle Theory and Market Peak Timing

Regarding traditional cyclical patterns in the cryptocurrency market, Arthur Hayes suggests that the next market peak could occur at the end of 2026 or early 2027. This timing aligns with the period when profitable companies enter the market and institutional capital inflows accelerate.

Points Investors Should Focus On

In the upcoming bullish phase, high-quality tokens with real economic fundamentals are likely to outperform volatile speculative assets. Amid macroeconomic conditions of decreasing spot supply and increasing liquidity, identifying projects with practical use cases and revenue-generating capabilities will be key.