During the week of October 19–25, Bitcoin has shown an unusual technical pattern that has caught the attention of analysts and traders. Meanwhile, Arthur Hayes, co-founder of BitMEX, reaffirms his prediction that Bitcoin’s price could reach one million dollars. In addition, an anonymous trader has stirred controversy by placing political bets with potential impact on the crypto market.

Rare Technical Signal in Bitcoin: Context and Analysis

Bitcoin’s price chart presents an uncommon technical signal, similar to a pattern observed in the agricultural market nearly 50 years ago. This pattern, known as a “rare top signal,” could indicate a phase of consolidation or a possible short-term correction.

However, technical analysis experts highlight that although the pattern is significant, the current macroeconomic context and the growing adoption of Bitcoin in 2024 make it notably different from the original historical scenario. Therefore, this signal should be interpreted cautiously and alongside other indicators.

Arthur Hayes’ $1 Million Bitcoin Prediction

Arthur Hayes, known for his influence in the crypto ecosystem, maintains his optimistic projection that Bitcoin could reach $1 million in the future. According to Hayes, factors such as Bitcoin’s programmed scarcity, growing institutional adoption, and integration into traditional financial systems will drive its value higher.

Furthermore, Hayes emphasizes that Bitcoin’s narrative as a store of value strengthens amid inflation and global uncertainty, which could sustain a long-term bullish momentum.
This view contrasts with the recent technical signal, underscoring the complexity and inherent volatility of the cryptocurrency market.

Anonymous Trader and Political Bets Impacting the Crypto Market

An anonymous trader has once again drawn attention for profiting from bets based on political events. This operator, previously linked to successful short positions before U.S. tariff announcements, has used platforms like Etherscan and Polymarket to make highly accurate wagers.

Recently, they earned $56,522 by betting that former president Donald Trump would pardon Changpeng Zhao (CZ), founder of Binance, in 2025. This situation has reignited debate over the potential existence of insider information in decentralized markets.

Implications for Bitcoin, Ethereum, and the Cryptocurrency Market

• Volatility and technical signals: The rare signal in Bitcoin may increase volatility and affect investor confidence in the short term.
• Divergent perspectives: Bullish predictions and technical signals create a dual scenario between strong fundamentals and speculation.
• Derivatives markets and political bets: The influence of political events on prediction platforms highlights risks associated with non-public information.
• Ethereum and altcoins: Synchronized speculative movements also affect major altcoins such as Ethereum, reflecting the interconnected nature of the crypto market.

Regulatory and Legal Aspects in the Crypto Market

The activity of the anonymous trader raises regulatory challenges, as the potential use of insider information in decentralized markets complicates oversight.

Authorities in the United States and other regions are strengthening regulation to prevent manipulation and protect investors. However, the anonymous and decentralized nature of many platforms complicates effective enforcement of these rules.

Additionally, political decisions such as a possible pardon for CZ could influence future regulations and public perception of transparency and legal compliance within the sector.

Conclusion

The week of October 19–25 reflects the complexity of the cryptocurrency market. Bitcoin is showing historical technical signals that may indicate a temporary top, while figures such as Arthur Hayes maintain long-term bullish forecasts.

At the same time, the activity of anonymous traders linked to political events highlights risks related to insider information and the need for clear regulation to ensure market integrity.
These elements underscore the multiple dimensions that must be considered to understand the perspectives and behavior of cryptocurrencies in today’s environment.