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BitMEX co-founder Arthur Hayes thinks the crypto market is set to explode, pointing to some key recent events as crucial signs for both the cryptocurrency and mainstream financial worlds.
In a recent podcast, the renowned analyst highlighted a spike in the MOVE Index on April 9, 2025, noting that as a crucial development signaling a change in the market dynamics.
We are live Bitches! GM https://t.co/s0xPkjJQLM
— Arthur Hayes (@CryptoHayes) May 20, 2025
Hayes: MOVE Index Spike, Bond Illiquidity Signal Broader Market Volatility
According to Hayes, the spike in the MOVE Index resulted from declining liquidity in the bond market, leading to a spike in market volatility.
The analyst cited historical trends over the past few decades, when the spiking MOVE Index triggered volatility in the mainstream financial sector, pushing investors into seeking viable alternatives.
Related: Bitcoin Breaks $107,000 — Examining What That Means for Altcoins
Beyond just the spike in MOVE Index, Hayes highlighted developments within the US sociopolitical sector. He especially pointed to some of President Donald Trump’s recent decisions that he says helped trigger a surge in the cryptocurrency market.
Hayes identified President Trump’s decision to pause tariffs for 90 days as a key factor. He believes this pause was a big help for the latest price surge in Bitcoin and other cryptocurrencies.
Bitcoin’s April 9 Low a Definitive Bottom, Predicts Arthur Hayes
Hayes considers the April 9 $74,588 low a turning point for Bitcoin and predicts the cryptocurrency’s price would never return to that level. He observed how Bitcoin gained about 45% value from that level, climbed above crucial resistance, and reclaimed the $100,000 support while aiming for a new all-time high.
The renowned Bitcoin bull thinks liquidity is returning to the crypto market, and other crucial factors are aligning to trigger the next phase of a Bitcoin rally. He analyzed the US economic sector dynamics, highlighting its effect on the crypto market and the processes that amounted to momentum for Bitcoin and cryptocurrency.
Related: Bitcoin Price Surge Drives Solana Memecoin Deployments
Bitcoin traded for $106,343 at the time of writing after retracing slightly from an early morning surge that pushed it closer to an all-time high. According to data from TradingView, Bitcoin’s all-time high remains at $109,356, and analysts believe it is a matter of time before the cryptocurrency’s price surpasses that level to head for new highs.
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