Analyst known as Darkfost, on the other hand, noted signs of stabilization in the sector.

Arthur Hayes, co-founder of BitMEX, stated that most altcoins will depreciate, while Bitcoin will rise to $125,000 by the end of the year. He made this announcement at the Consensus Miami conference.

Hayes described the impending collapse of tokens as a healthy market cleansing, comparing it to the historical rotation of companies in the S&P 500 since 1929. He believes the altcoin ecosystem will survive.

He attributes the rise of the leading cryptocurrency solely to global liquidity rather than new regulations. In his view, the passage of the CLARITY Act will not impact the market as significantly as the monetary issuance by central banks.

“For Bitcoin to reach $125,000, one catalyst is needed — money printing. It’s that simple,” Hayes explained.

He considers digital gold a hybrid of a tech stock and pure liquidity. Hayes expects the Federal Reserve and the U.S. Treasury to continue injecting capital into the economy through bond purchases. This influx of money will drive prices up and overshadow any negative factors.

Analyst's Perspective

The expert using the pseudonym Darkfost noted that Bitcoin's dominance has risen above 61.3% following its surge past $81,000. According to him, this indicates a sustained concentration of capital in the leading cryptocurrency.

BTC Breaks 81K as Dominance Rises, but Altcoins Show Early Stabilization

“Trading volumes for altcoins on Binance are also showing signs of gradual recovery. Their share relative to the combined BTC and ETH volumes on Binance has increased from 31% to 49%.” – By @Darkfost_Coc pic.twitter.com/C56oeBEQuR

— CryptoQuant.com (@cryptoquant_com) May 6, 2026

Despite the pressure, Darkfost sees signs of stabilization in the altcoin market. About 12% of assets on Binance have returned to the 200-day moving average, up from just 2.3% in early February.

The expert also noted an increase in altcoin trading volumes. Their share relative to Bitcoin and Ethereum rose from 31% to 49% over two months. Darkfost views this as a signal of renewed investor interest, which may precede a capital rotation phase.

It’s worth mentioning that from April 27 to May 1, inflows into crypto funds dropped to $117.8 million amid outflows from Ethereum.