Arthur Hayes Predicts ETH At $10K—The Crypto Dream or a Ticket to Siberia?

by

Somewhere, on the digital steppes where men dream in zeroes and investors curse their sleep, Bitcoin made its customary racket—bells, whistles, the thunder of another all-time high echoing through empty, hungry corridors. And yet, in the shadow (where the real stories always wait), Ethereum has begun to stir. Yes, it slipped above $2,780—so quietly that even the mice in the gulag wouldn’t bother to squeak. Enter Arthur Hayes, ex-ringleader of BitMEX, who—like a man betting his last bread ration—declares: Ethereum will storm to $10,000. Perhaps we’ll all get commemorative rubles. With banks pouring resources and a herd of self-styled prophets spouting trend reversals, ETH stands poised in the sullen cold, waiting for someone to light a match. Price at this moment: $2,782. Twenty-four hours, up more than 4%. That’s one way to beat the queues for cabbage.

Hayes, ever the jester-king, lobbed his prediction of ETH to $10,000 in a post so flamboyant the censors must have blushed. For evidence, he offered a chart (those sacred scrolls of modern clerics) showing Ethereum shaking off its lethargy. The ETH/BTC pair, battered and bruised, is crawling off historic lows—like a convict glimpsing freedom through barbed wire.

Arise Chikun, it’s time…$ETH = $10,000

Yachtzee 🛥️💸

— Arthur Hayes (@CryptoHayes) July 10, 2025

ETH/BTC Pair Gasping for Air… Or Plotting Escape?

Once upon a time, 2021, Ethereum pranced above 0.08 BTC, but since then it tumbled, spiraling down in that perfect imitation of a bureaucrat’s career—always another lower high, another lower low. Now though, at 0.02 BTC, it stirs. A jump this week to 0.025 BTC—volume rising as if the guards have abandoned their posts—suggests the bulls are considering mutiny.

On a recent Bankless podcast, Hayes, never one for understatement, prophesied Ethereum at $10,000—$15,000. He cited global liquidity shifts and capital controls. If only those controls could help with the price of potatoes…

The Great Institutional Stampede (or Sheep Counting Themselves)

Analysts—the self-declared priests of modern finance—say the big money has started to care about Ethereum. ETH ETFs hauled in more than $211 million just yesterday; BlackRock, which can smell a profit through five layers of bureaucracy, bought $158.6 million. June was a banquet for the whales, their wallets fattening by 36%, and a million new ETH found its way into pools for the daring and/or desperate. This is presented as evidence of long-term faith, though one wonders how many long-term believers ended up in the long-term facilities.

Ah, and the grand upgrade—the upgrade always promises a new era. This one, they say, triggered a 50% rally. Hayes’s wild $10K vision aligns with a trend of companies holding Ethereum as a treasury asset, as if stashing it under the mattress would keep the winter cold out. Fidelity’s latest pamphlet even declares Ethereum superior to Solana and the rest in developers, value locked, and stablecoin use. Because nothing says “safe” like a chain with more coders building new ways to gamble away your life savings.

Now Futures—Where Dreams Go to Be Liquidated

Glassnode’s alchemists see Ethereum’s futures volume at $62.1 billion, outpacing Bitcoin’s $61.7 billion—just enough for ETH traders to swagger through the camp. The CME futures open interest for ETH sits at $3.27 billion, a February high, another brick in this institutional Potemkin village.

Ted Pillows—no relation to the comfort item—says ETH’s moves resemble Bitcoin’s legendary rally of 2020–2021, which means a surge could be imminent, or so the story goes at the campfire. Meanwhile, experts (those tireless laborers in the field of opinion) insist that by year’s end, Ethereum will have marched to $10,000, valves frozen, flags unfurled, and its believers limping behind, dreams intact, wallets hopefully less empty.

Read More

2025-07-10 20:42