In the fast-paced world of cryptocurrency, few names command as much respect as Arthur Hayes. The former CEO of BitMEX and a seasoned market analyst, Hayes is known for his sharp insights and bold predictions. His latest forecast is no exception, hinting at an epic altcoin season on the horizon—but with a significant caveat.

According to Hayes, the much-anticipated rally in altcoins won’t kick off until Bitcoin (BTC) and Ethereum (ETH) reach key price milestones. While many crypto enthusiasts are eagerly awaiting a surge in altcoins, Hayes suggests that this wave is contingent on the performance of the two market leaders. 

Hayes points to an interesting correlation between the reverse repurchase agreement (RRP) market and Bitcoin’s price movements. He notes that a decrease in funds in the RRP market often precedes an influx of money into the financial system. This liquidity, in turn, boosts asset prices across the board, including cryptocurrencies. 

As more money flows into the market from the RRP, Bitcoin and Ethereum are likely to see their values climb, setting the stage for a broader crypto market rally. Only after BTC and ETH have achieved their respective milestones, Hayes predicts, will the altcoin market truly take off.

This perspective adds an intriguing layer to the current market dynamics. Investors are now watching closely, not just for the signs of a Bitcoin or Ethereum breakout, but for the subtle shifts in the RRP market that could herald the next big move in the crypto space.

In essence, while the altcoin season may be on the horizon, patience is key. Hayes’ prediction suggests that the real action will only begin after Bitcoin and Ethereum pave the way, fueled by the ebb and flow of market liquidity.