Arthur Hayes sells $13.35 million in crypto as market correction hits
Arthur Hayes, co-founder of BitMEX and a prominent voice in the crypto community, has liquidated over $13.35 million in digital assets, according to data from Lookonchain.
The surprise move included the sale of 2,373 ETH (worth $8.32 million), 7.76 million ENA ($4.62 million), and 38.86 billion PEPE tokens ($414,700), as the broader crypto market faces increasing pressure, reports CoinGape.
The timing aligns with a sharp decline in Bitcoin, which dipped as low as $112,731 in 24 hours. Analysts, including Julio Moreno from CryptoQuant, noted this as the third major profit-taking wave of the current bull cycle—a common precursor to market corrections.
Adding to the bearish pressure, spot Bitcoin ETFs recorded their second-largest daily outflow, with $812 million pulled, including a $331 million exit from Fidelity’s FBTC. Ethereum ETFs were also affected, suggesting broader investor caution.
From bullish to cautious—Hayes recalibrates
Hayes’ asset liquidation runs counter to his previously bullish narrative. He has long championed Ethereum and altcoins, projecting ETH could reach $10,000, and identifying what he called a forthcoming “monster altseason.” Despite that, the sizable ETH and PEPE selloffs reflect a cautious realignment—likely triggered by short-term macro threats such as Trump’s new tariff policies, set to take effect on August 7.
Hayes had warned followers about rising volatility and inflationary risks stemming from policy shifts. His move to offload large positions now may reflect risk mitigation rather than a total change in market conviction.
Still playing the long game
While the recent selling may appear bearish, it aligns with Hayes’ history of opportunistic trading. Just weeks ago, he accumulated $1.5 million worth of ENA tokens, betting on Ethena’s early-stage growth. This indicates he remains active in the market—selectively rotating capital rather than retreating completely.
Hayes’ behavior suggests a tactical repositioning: offloading riskier assets in a downturn, maintaining liquidity, and preparing for reentry. His cautious but engaged approach underlines how seasoned crypto veterans manage capital through cycles—cutting exposure during turbulence, but keeping conviction in long-term digital asset growth.
Recently we wrote that crypto Greed Index drops as retail stays on sidelines.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
