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Arthur Hayes Liquidates $22.28 Million Crypto Book, Moving to Sidelines on Macro Risks

BitMEX co-founder and Maelstrom Chief Investment Officer Arthur Hayes has fully closed his family office's directional crypto portfolio, selling roughly $22.28 million in digital assets. The divestment was concentrated in Ethereum, involving 6,400 to 8,000 ETH valued between $15.2 million and $19 million, alongside $2.76 million in ENA, $2.24 million in UNI, and smaller holdings. Transfers were routed to Binance, Galaxy Digital, FalconX, and Wintermute. The exit marks a sharp reversal from Hayes's October 15 recommendation to go long on Bitcoin and Ether, with Hayes citing deteriorating macroeconomic headwinds and geopolitical uncertainties.

Category

Ethereum

Sentiment

Bearish

Event

Analyst flows

Reading time

1 min