Arthur Hayes Predicts 70% Bitcoin Dominance Amid Whale Accumulation
- Arthur Hayes, BitMEX co-founder, forecasts a rise in Bitcoin dominance to 70%.
- Hayes is increasing his Bitcoin holdings while avoiding altcoins.
- Bitcoin whales holding over 10,000 BTC reached an accumulation score of ~1.0.
- The accumulation score has eased to ~0.65, indicating continued buying by large holders.
- Bitcoin’s support level is established around $74,000 amid recent market volatility.
Arthur Hayes predicts Bitcoin dominance will rise to 70%, with significant whale accumulation supporting this outlook. The current support level for Bitcoin is around $74,000 as the market experiences volatility.
Source (2.6)https://coingape.com/arthur-hayes-predicts-70-bitcoin-dominance-as-btc-whales-hit-peak-accumulation/?rand=24432
