Arthur Hayes, co-founder of BitMEX, has urged market participants to “buy everything” following recent signals from the US Federal Reserve.

In an April 11 post on X, Hayes suggested that investors consider broad exposure to the crypto markets as central banks show signs of stepping in to stabilize the system.

Hayes Sees Market Stress as Cue to Buy Bitcoin

Hayes previously pointed to rising bond yields, particularly the 10-year US Treasury rate climbing above 4.5%, as a potential trigger for government intervention.

He argued that such pressure could force the Fed to inject fresh liquidity, creating favorable conditions for risk assets—especially Bitcoin. According to Hayes, this scenario could lead to a prolonged upward move in crypto and broader markets.

“We will be getting more policy response this weekend if this keeps up. We are about to enter UP ONLY mode for BTC,” Hayes stated.

The Fed’s stance appears to support this view. Susan Collins, President of the Boston Federal Reserve, recently told the Financial Times that while the markets are still functioning properly, the Fed stands ready to act if liquidity becomes strained.

Collins emphasized that the central bank has tools in place to ensure market stability if disruptions emerge. However, She stressed that the rate cuts are not the Fed’s first line of defense as other tools are available to stabilize financial markets when needed.

“The core interest rate tool we use for monetary policy is, certainly not the only tool in the toolkit and probably not the best way to address challenges of liquidity or market functioning,” she said.

These developments come at a time when the global economy is already under stress. President Donald Trump’s new wave of tariffs has added fresh uncertainty to financial markets.

Though the administration paused its new tariff schedule for 90 days, it sharply increased duties on Chinese goods to 145%. China has since responded with its own tariff hikes, lifting rates on American imports from 84% to as much as 125%.

These tit-for-tat measures have raised fears of an inflation spike in the US, along with possible job losses and weaker economic growth. Wall Street has already experienced a significant selloff, and US Treasury markets are showing signs of strain.

Meanwhile, despite the short-term suspension of new trade penalties, underlying tensions remain high. For Hayes, however, the combination of macro stress and central bank intervention presents a clear signal: this may be the moment to accumulate assets before the tide turns.

Leading coin Bitcoin has had a turbulent past few weeks, with its price troubles prompting many short-term investors—often referred to as “paper hands”—to exit the market. 

However, amidst the price volatility, the coin’s long-term holders (LTHs) remain resolute and show no signs of backing down as they attempt to push BTC back above $85,000. How soon can they realize this?

Bitcoin Long-Term Holders Shift From Selling to Stacking

In a recent report, CryptoQuant analyst Burak Kesmeci assessed BTC’s Long-Term Holder Net Position Change (30d sum) and found that since April 6, the metric has turned positive, showing clear upward momentum. As a result, Kesmeci wrote, BTC has risen by approximately 12%. 

BTC’s Long-Term Holder Net Position Change tracks the buying and selling behavior of LTHs (those who have held their assets for at least 155 days) to measure the shift in the number of coins held by these investors over a specific period.

When its value is positive, it indicates that LTHs are not selling, and remain optimistic about BTC’s future price performance. Conversely, when it turns negative, it suggests that these holders are selling or distributing their coins, often in response to market pressures, which is a bearish signal.

According to Kesmeci, BTC’s Long-Term Holder Net Position Change (30d sum) flipping positive is notable. This metric had remained below zero since October last week, signaling that LTHs were consistently selling their BTCs. 

The sellofs reached their lowest point on December 5, prompting a 32% dip in BTC’s price and marking the peak of a 6-month period of distribution by LTHs.

However, this trend has changed since April 6. The metric now sits above zero and is in an uptrend. Speaking on what this means, Kemesci added:

“While it’s too early to say definitively, the growing positive momentum in this metric could be a sign that long-term conviction is returning to the market.”

Moreover, BTC’s funding rate has remained positive amid its price troubles, confirming the bullish outlook above. At press time, this is at 0.0037%. 

The funding rate is the periodic payment exchanged between long and short traders in perpetual futures markets. It is designed to keep the futures price close to the underlying asset’s spot price.

When it is positive like this, long traders are paying short traders. This indicates a bullish market sentiment, as more traders are betting on BTC’s price to climb. 

Long-Term Holders Set the Stage for $87,000 Run

The surge in accumulation from BTC LTHs has pushed the coin’s price above the key resistance at $81,863. At press time, the king coin trades at $83,665. 

As the market responds to these sustained buying pressures from LTHs, the coin’s price may be primed for a significant rally in the near future. 

If retail traders follow suit and increase their coin demand, BTC could break above $85,000 to $87,730. 

However, if the accumulation trend ends and these LTHs begin to sell for gains, BTC could resume its decline, fall below $81,863, and drop toward $74,389. 

Africa’s crypto narrative is maturing from informal peer-to-peer (P2P) trading to institution-ready infrastructure. BeInCrypto contacted Luno, a crypto exchange headquartered in South Africa that operates across over 40 global markets.

Luno’s general manager for Africa and Europe, Marius Reitz, tells BeInCrypto how the crypto exchange is positioning itself as a regional powerhouse in Africa.

Luno As Africa’s Pragmatic Pioneer

Reitz started by revealing that Luno has outlived the boom-and-bust cycles that have come to define crypto since its establishment in 2013.

Its early focus on regulatory alignment and user-friendly experiences set it apart in an industry often plagued by volatility and regulatory whiplash.

In Africa, 57% of the population remains unbanked. Based on this, Luno’s mission goes beyond trading. The exchange crafts access to a modern financial system many have been locked out of.

“We’re driven by a bold vision to upgrade Africa and the world to a better financial system. After our launch in Kenya in 2024, we’re just getting started,” Reitz told BeInCrypto.

Stablecoin Surge and Real-World Demand

While much of the West obsesses over meme coins and ETF (exchange-traded fund) speculation, Africa’s crypto story is rooted in pragmatism.

In South Africa, stablecoins like Tether’s USDT have now surpassed Bitcoin in trading volume. According to Reitz, this surge is driven by the demand for inflation-resistant, dollar-pegged assets amid local currency devaluation.

Luno, already a major on-ramp for fiat-to-crypto conversions in the region, is adapting fast.

“Over the last 12 months, we’ve seen significant demand for stablecoins on Luno. We now offer low-cost USDT transfers across Ethereum and Tron, with competitive fees and bulk trade options for professionals via our Trade Desk,” Reitz shared.

Additionally, Luno’s retail-oriented Luno Pay app integrates crypto into everyday life. South African users can now spend USDT and USDC at thousands of merchants, earning crypto-back rewards.

Regulation as a Catalyst, Not a Constraint

Unlike many exchanges that shun regulatory scrutiny, Luno embraces it. In South Africa, where crypto assets are now classified as financial products by the FSCA, Luno has secured its operating license and helped shape its framework.

“Crypto bans force the industry underground. We’ve observed that markets with regulatory clarity foster responsible innovation and consumer protection,” he explained.

However, challenges remain. If misaligned with market realities, South Africa’s upcoming classification of crypto assets as foreign or domestic investments could hinder institutional flows.

Meanwhile, the FATF Travel Rule poses technical and operational hurdles due to fragmented provider ecosystems. Still, Luno is prepared.

“As a regulated business, we’ve implemented the Travel Rule in other jurisdictions. We anticipate friction, but we’re ready,” Reitz articulated.

The FATF Travel Rule is set to take effect in May 2025, barely a month away.

Adapting to Fragmented African Realities

Across the continent, crypto adoption is outpacing infrastructure. Nigeria ranked second globally for crypto adoption, but this remains paradoxical as the country restricts naira P2P trading while fast-tracking exchange approvals under its ARIP framework.

For Luno, this means taking a hyper-local approach to compliance, education, and user experience.

“Africa faces significant challenges: regulatory fragmentation, limited banking infrastructure, and crypto-related scams. We address these with educational content, strong KYC/AML, and strong banking partnerships,” Reitz explained.

Mobile money is dominant in countries like Kenya and Nigeria. Luno’s mobile-native design and stablecoin access offer a compelling value proposition for both retail users and remittance providers.

Financial Inclusion, One Partnership at a Time

Beyond individual users, Luno is also becoming a key partner for fintechs and payment firms. Its custody and liquidity services now support cross-border on- and off-ramping for traditional and crypto-native partners.

“We receive inquiries from large multinationals wanting to shift part of their payments to crypto. Our infrastructure allows them to do so securely, compliantly, and efficiently Luno confirmed,” Reitz stated.

This is pivotal for Africa’s $48 billion annual remittance market, where stablecoins offer faster, cheaper alternatives to legacy systems.

What does the next five years look like for African crypto markets? For Luno, it’s a convergence of retail empowerment and institutional maturity.

“We expect crypto to become as ubiquitous as banks—used to save, invest, and transact. Stablecoins will anchor trade settlements, while ETFs and bank-based crypto products will dominate mature markets like South Africa,” the Luno executive told BeInCrypto.

Luno is already laying the groundwork. Its Trade Desk, custody solutions, and upcoming stablecoin expansions suggest an exchange ready to grow from a user-friendly app to an institutional-grade platform.

In a region often overlooked by global players, Luno’s longevity is compelling. While challenges around regulation and infrastructure persist, its blend of compliance, innovation, and education positions it among notable actors in Africa’s crypto arena.