Before we dive in, let me ask you a question: When Bitcoin is teetering around $60,000 and the market is filled with cries of 'bear market return', is your first reaction to panic sell or to greedily add to your position?
Most of us might still be hesitating, waiting on the sidelines, afraid of getting caught in a mid-move dump. But today, June 11, 2026, the legendary founder of BitMEX, Arthur Hayes, tweeted several times on X platform, and his words were straightforward: "If you're still waiting for Bitcoin to drop below $50,000, you might be waiting forever. For me, any price below $60,000 is a gift from the crypto gods."
Hayes just dropped the 'smoking gun': his family office fund, Maelstrom, heavily loaded up on Solana (SOL) and Ethereum (ETH) last week, even boldly publicizing part of their wallet addresses' on-chain records.
Firstly, he believes the current market's pessimism is 'overdone'. He bluntly states that the market's fear over the Fed's interest rate hikes has been overly priced in, practically scaring itself. In his view, as long as the upcoming FOMC meeting confirms that rates will stay unchanged—which is highly probable—the market's panic will quickly dissipate, and then 'Bitcoin will rebound to $70,000 in the blink of an eye'.
For Solana, Hayes' logic is 'whoever captures retail wins'.
He doesn't hide his bullish stance on the SOL ecosystem, believing it will continue to outperform Bitcoin in this cycle. Why? Just look at the wild vitality on the Solana chain. It’s practically become the 'wealth factory for meme coins'. From previous WIF and BONK to the latest new meme dog coins, Solana, with its ultra-low fees and lightning-speed transactions, perfectly captured this meme frenzy driven by retail sentiment. The daily active addresses on the Solana network once surged past 2.8 million, while the weekly active addresses hit a staggering 27.1 million, topping the entire network, and its DEX weekly trading volume even surpassed Ethereum at one point. In Hayes’ view, this unparalleled ecological activity is SOL's strongest moat.
For Ethereum, Hayes' bet is on 'institutional narrative and technical maturity'.
He believes ETH will become the main beneficiary of institutional fund rotations. Once the market warms up, the enormous liquidity allocated by institutions will eventually flood into ETH, which is a value-rich area.
Supporting his confidence is the increasingly mature Layer 2 ecosystem of Ethereum. Now, over 80% of Ethereum transactions occur on L2 networks. Networks like Arbitrum and Optimism had a total locked value (TVL) of about $40 billion by the beginning of the year, with Arbitrum alone capturing a significant market share. A strong, prosperous, and low-cost L2 network paves the way for Ethereum's future application explosion; this is the fundamental logic that institutions are willing to hold long-term.
Prophet or crow's mouth? A review of Hayes' historical performance
Looking back over the past year, his key predictions have indeed been spot on. For instance, he accurately predicted the arrival of the altcoin season by the end of 2025; he also keenly warned in March this year (2026) about potential market corrections due to geopolitical risks, which have been validated. Last December, his forecast of a deep market pullback in Q1 2026 also turned out to be correct. Overall, his accuracy rate is around 60%.
When the big players call the shots, do we follow?
Firstly, we must recognize one clear point: his statements have obvious conflicts of interest. Hayes is not a neutral analyst; he is a heavy-hitting player. He explicitly stated in his tweet that his family office fund has already 'built its position'. Therefore, his high-profile calls objectively serve the purpose of 'talking his book', aiming to influence market sentiment and create a more favorable environment for his positions. This is something we must be fully aware of.
Secondly, we should focus not on the specific levels he calls, but rather on the analytical framework he provides.
Why is he bullish on SOL? Because of the meme narrative and retail participation. Why is he betting on ETH? Because of institutional potential and the maturity of Layer 2. Do these logics hold up? Does the current data support his judgments? For example, we see that the SOL ecosystem is indeed booming, but there are also indicators showing a pullback in its activity, even signs of liquidity flowing back to Ethereum. We see that the ETH Layer 2 ecosystem is thriving, but ETF funds are indeed flowing out.
These details are way more valuable than the slogan 'buy below 60k'. They provide us with a lens to observe the market and analyze projects.
