Arthur Hayes: The Altcoin market will only return when BTC and ETH break through $70,000 and $4,000 respectively.

Odaily Odaily News BitMEX co-founder Arthur Hayes mentioned in a new article today that in this cycle, BTC and ETH have structural support due to the launch of ETFs. Since April, they have structural support due to net inflows of US-listed exchange-traded funds (ETFs). Since April, although BTC and ETH have both pulled back, there has not been a "massacre" like Altcoin(shitcoins). Only after BTC and ETH break through $70,000 and $4,000 respectively, will the Altcoin market return. SOL will also climb to more than $250 by then, but due to the difference in market share, SOL's pull-up will have a far less strong impact on the overall market than BTC and ETH. At the end of the year, with the increase in US dollar liquidity, the prices of BTC and ETH may rise further, which will lay a solid foundation for the return of the Altcoin.