Is Bitcoin about to enter “up only mode,” according to Arthur Hayes?

Bitcoin may be on the verge of a strong bull run, co-founder of BitMEX Arthur Hayes suggests in his recent commentary (see Crypto.news

). On April 11, BTC briefly climbed above $83,000 across major exchanges, demonstrating resilience even as risk assets wavered. Traders seeking quick entry into a potential breakout can use

to swap their holdings seamlessly, avoiding the hassle of manual bridges and multiple DEXes for cross-chain access.

Hayes points to surging U.S. 10-year Treasury yields (US10YR) as a key signal—when yields rise, he argues, policy makers may step in, igniting fresh liquidity into Bitcoin markets. Meanwhile, the ongoing U.S.–China trade war and a weakening dollar index add fuel to the fire for crypto as an alternative store of value. Those watching on-chain flows and whale moves can tap into

for real-time tracking of large BTC transfers across networks.

“Up only mode” refers to a market phase where price steadily climbs with minimal pullbacks, often driven by strong fundamentals or a flood of new capital. In crypto circles, it’s shorthand for a relentless bull trend. While no asset truly moves in a straight line, past episodes—like late 2017’s rally—came close, with Bitcoin surging from under $5,000 to nearly $20,000 in months. For investors, identifying the start of such phases can mean outsized gains.

The phrase gained popularity on social media platforms like Twitter and crypto forums, where traders joke about “paper hands” (weak holders) versus “diamond hands” (those who hold through dips). When sentiment shifts toward “up only,” buy orders often outnumber sells, creating a self-fulfilling rise. Educational resources on

break down these community-driven terms for newcomers, showing how to position portfolios across chains.

Arthur Hayes, known for his bold market calls, noted via X that Bitcoin’s modest gains amid tariff tensions highlight a growing disconnect between risk assets and crypto. With US10YR yields above 4.5%, Hayes believes Washington may intervene over the weekend—potentially cutting rates or easing policy, which could spur fresh inflows to BTC. This kind of policy pivot has historically ignited broader bull markets in equities and digital assets alike. Traders can prepare by using

to lock in competitive rates before a sudden liquidity surge.

Rising bond yields often force central banks’ hands. When benchmarks like the 10-year climb, borrowing costs rise for businesses and consumers, risking economic slowdown. If the Fed signals rate cuts or pauses hikes, investors may seek higher returns in assets like Bitcoin. Hayes argues this dynamic could trigger a sustained BTC rally, moving beyond short-term dips.

Tariffs between the U.S. and China have roiled markets, pushing the dollar index lower as global trade slows. A weaker dollar often correlates with higher Bitcoin prices, as non-U.S. investors find crypto more attractive. As traders watch headlines and forex moves, automated strategies—such as setting cross-chain stop-limit orders via

—help capitalize on sudden shifts without manual delays.

Chart watchers look to key patterns for clues. Bitcoin’s break above $80,000 on April 11 confirmed a bullish flag breakout, a continuation pattern that often precedes further gains. Simple moving averages—like the 50-day and 200-day—show a “golden cross” when the short-term crosses above the long-term, historically signaling more upside. To view on-chain sentiment alongside price trends, traders can access the

for integrated charts and transfer data.

Breaks above key resistance often trigger stop-run rallies. Setting staggered profit-taking orders—via a cross-chain swap on

—helps capture gains while leaving some exposure for further upside.

Metrics like active addresses, whale holdings, and exchange inflows/outflows signal market health. A drop in exchange reserves often precedes rallies, as fewer coins for sale tighten supply. Sentiment indicators—such as the Crypto Fear & Greed Index—can warn of overbought conditions. Traders bridging assets to spot these shifts might use

to move quickly between networks and execute orders where liquidity is highest.

Global economic trends shape crypto demand. Concerns about recession risk, inflation, and currency debasement push investors toward alternatives. Bitcoin’s fixed supply of 21 million coins appeals as a hedge against fiat inflation. That narrative, combined with Hayes’ yield-driven thesis, paints a picture where BTC becomes the new “digital gold.” For investors seeking to diversify into BTC from stablecoins or altcoins, cross-chain swaps on

ease the transition without multiple approvals or approvals.

The Federal Reserve’s dual mandate of price stability and employment can tilt markets. When the Fed signals rate cuts or stops hiking, risk assets rally. Hayes sees bond market stress leading to policy U-turns soon. Watching Fed minutes and Fed Chair communications helps anticipate these moves. Automated alerts for relevant terms, paired with pre-funded wallets on platforms like

, keep you ready.

Bitcoin’s correlation with equities can shift during crises. In some downturns, BTC acts like a risk asset and falls; in others, it decouples and holds value. As major investors allocate a small percentage of portfolios to Bitcoin, it helps cushion against equity drawdowns. Tools that monitor large BTC transfers—such as the

dashboard—offer insight into institutional moves, helping retail traders align strategies.

Every bull run carries risks. Rapid price increases can trigger margin calls and liquidation cascades, exacerbating volatility. Technical breakouts sometimes fail, creating “bull traps” that lure buyers before a reversal. Regulatory clampdowns—like sudden bans or tax changes—can also derail rallies. To manage downside, traders use stop-loss orders and position sizing, often via cross-chain orders on

to ensure swift execution even during network congestion.

Bitcoin’s 30-day volatility often exceeds 60%, meaning 10% daily swings are common. Corrections of 20–30% can occur mid-bull, offering re-entry points. Dollar‐cost averaging (DCA) smooths out these moves by buying fixed amounts over time. Jumper’s interface (jumper.exchange) supports recurring swaps, so you can automate DCA across chains without manual effort.

False breakouts happen when price briefly crosses a resistance level on low volume, only to retreat. Identifying these requires volume confirmation and broader market context. Traders may wait for a daily close above key levels before committing. With Jumper Learn’s

, novices learn to set conditional orders, reducing the risk of chasing traps.

When markets heat up, liquidity can fragment across chains—Ethereum, BSC, Polygon, Solana—and manual bridging eats time and gas.

unites these networks under one roof. You select Bitcoin or stablecoins, choose your target chain, and Jumper handles routing, approvals, and swaps automatically. The process takes seconds, so you never miss a breakout or arbitrage window. Its

also displays live cross‐chain flows, revealing where whales are moving assets and when to deploy capital.

For those new to decentralized finance, the

hub demystifies each step. Tutorials cover wallet setup, slippage settings, and gas optimization. The detailed “How to Jumper” guide walks through your first cross‐chain trade from A to B, letting you practice DCA or set stop orders before diving into volatile markets. In a fast‐moving bull run, the confidence that your trades execute reliably is invaluable—and that’s where Jumper’s aggregated liquidity shines.

Arthur Hayes’ “up only mode” thesis hinges on bond yield signals, policy shifts, and macro stressors. If you believe a sustained bull market is imminent, start with a clear plan:

By combining clear strategy with agile cross-chain execution—courtesy of Jumper’s unified interface and real-time

insights—you position yourself to capture the gains of an “up only” trend while managing downside. As market conditions evolve, monitor yields, policy news, and on-chain metrics, and adjust your plan accordingly.