Arthur Hayes: Alt Season is Right in Front of Us! Focus on HYPE's Ambition of a 50% Monthly Increase

Arthur Hayes tweeted: Altcoins? They might be right in front of us! Just as the price of Hyperliquid (HYPE) tokens has surged strongly, let's analyze HYPE's recent performance, driving factors, and future outlook. (Background: Arthur Hayes' latest interview: Bitcoin and Ethereum have bottomed out, where will new liquidity come from? How to select targets at this stage?) (Additional context: Arthur Hayes: 'Now' might be the last chance to buy Bitcoin below $100,000!) In the cryptocurrency market, the much-anticipated 'altcoin season' has always been a hot topic in the community. Today, Arthur Hayes made a brief post on social media that reignited this discussion: 'Recently, many people ask me when alt season will come? Sometimes it's just staring you in the face. HYPE' The most asked question of me recently: wen alt szn? Sometimes it’s just staring you in the face. $HYPE pic.twitter.com/SoUcFhOtAQ — Arthur Hayes (@CryptoHayes) May 2, 2025 He posted a picture of the Hyperliquid (HYPE) token price breaking through 20 USDT, quickly capturing the market's attention, and this strong hint aligns with Hyperliquid (HYPE)'s recent astonishing price performance. Arthur Hayes' comments on 'HYPE' As a heavyweight commentator in the cryptocurrency field, Arthur Hayes' statements always ripple through the market. This tweet, 'Sometimes alt season is right in front of you. HYPE', is widely interpreted as a hint that altcoin season may be approaching. Let's look back at his previous definitions regarding the occurrence of alt season. Hayes has emphasized that when Bitcoin's dominance rises, it usually signals a risk-averse market, and one should prioritize Bitcoin (BTC) at this time. He suggested that it is still too early for large-scale investments in most altcoins until Bitcoin's dominance stabilizes. The '$HYPE' mentioned here leans more towards representing the 'speculative' sentiment in the market due to expectations of an altcoin rebound rather than directly pointing to a specific token. HYPE's Strong Rebound Coincidentally, around the time Arthur Hayes posted, Hyperliquid has seen a cumulative surge of over 115% since the low on April 7, showing a strong short-term upward trend. In the past month, its monthly increase has reached as high as 55%. In terms of technical indicators, the Relative Strength Index (RSI) was close to 64 on April 29, indicating it has not yet entered the traditional overbought territory. Additionally, the previously appeared MACD bearish crossover warning seems to have eased with the breakout on May 2, indicating that short-term bearish pressure has lessened. Multiple Factors Behind HYPE's Surge Hyperliquid (HYPE)'s recent impressive price performance can be viewed through some superficially positive factors. In the past month, the open interest in the derivatives market has significantly increased by nearly 14%, which is the first positive factor for DEX. On the fundamental side, the Validator Update on the Hyperliquid platform recently introduced 21 permissionless nodes, significantly enhancing the platform's decentralization and security (mitigating some community criticisms). Moreover, the changes in the fee structure brought about by the introduction of the staking mechanism have lowered trading costs, which is expected to attract more users to trade on the platform, thereby increasing demand for HYPE tokens. As a high-performance Layer1 platform focused on low-slippage trading, Hyperliquid benefits from the overall growth of the decentralized perpetual contract market, which also provides ongoing fundamental support for HYPE's price. Despite the recent strong performance, Hyperliquid (HYPE) faces significant resistance levels near $20 and $22, where a large amount of selling pressure has accumulated. Whether it can successfully break through and stabilize will be key to determining HYPE's future price trend. Additionally, from a technical support perspective, if HYPE cannot hold the support level of $17, it may trigger a wave of decline. Related Reports Tether Q1 Report: Holding nearly $120 billion in US Treasuries, a record-breaking quarter with a profit of $1 billion Tether cross-chain stablecoin USDT0 launched on Flare! $FLR surged 18%, is the XRP DeFi ecosystem benefiting? "Arthur Hayes: Alt Season is Right in Front of Us! Focus on HYPE's Ambition of a 50% Monthly Increase" This article was first published on BlockTempo (the most influential blockchain news media).