- Arthur Hayes warns altcoins resemble a lemon market as CEXs overlook price manipulation and inflated token launch valuations.
- Schiff criticizes Strategy’s BTC buying spree, noting rising average costs could lead to unrealized losses if the price drops.
- Bitcoin breaks out of falling wedge near $72K with potential to reach $109K if technical momentum sustains from current support.
Co founder of Bitmex, Arthur Hayes has raised serious concerns about crypto market transparency. He believes project teams and market makers manipulate prices. According to him, these entities create artificially sustained values, confusing organic demand with collusion-driven movements. Hayes further noted that centralized exchanges (CEXs) are ignoring these red flags, which is damaging overall trust. Consequently, he compared the altcoin sector to a lemon market, where only inferior assets remain due to vanishing investor confidence.
Moreover, he criticized the trend of initial token generation event (TGE) pricing in 2025. Most projects launched at inflated prices and crashed 70% to 90% within months. Buyers suffered massive losses, pushing retail investors out of the market. Hayes warned that unless major players address these issues, a large segment of crypto will stay uninvestable.
Schiff Criticizes Strategy’s BTC Accumulation
Meanwhile, prominent gold advocate Peter Schiff has fired shots at Strategy’s aggressive Bitcoin purchases. The firm bought 3,459 BTC between April 7 and 13, 2025, for $285.8 million. This places the average cost per coin at $82,618. Strategy now holds 531,644 BTC, cementing its spot as the biggest corporate Bitcoin holder.
However, Schiff highlighted a brewing concern. He warned that as Strategy continues accumulating BTC at higher prices, its average cost rises. If Bitcoin’s price falls, the company could soon face unrealized losses. At the time of his remarks, Strategy still had a 25% paper gain. Yet, Schiff emphasized that this margin could disappear quickly if bearish pressure persists.
Bitcoin Breaks Out of Falling Wedge Pattern
On the technical front, Bitcoin appears to be turning a corner. The 3-day BTC/USDT shows a clear breakout from a falling wedge pattern. As of April 15, 2025, Bitcoin trades at $72,776.84, showing minimal daily movement. This breakout, if confirmed, could ignite a major rally.
Clifton Fx suggested a long-term target around $109,000 if momentum holds. From February to December 2024, Bitcoin experienced price swings. After peaking near $108,000, it entered a descending channel. However, current support levels may trigger a reversal.
