BTC Reaches Key Level, Altcoin Season Approaching

Arthur Hayes predicts that the altcoin market will only enter its peak season if Bitcoin breaks above $110,000. Once this level is surpassed, Bitcoin may rebound to between $150,000 and $200,000 in the summer, and profits are likely to quickly flow into altcoins.

He expects that the size of the altcoin market in 2025 will be smaller than in 2021, and points out that many old coins with high FDV and low demand may not be able to rebound.