Arthur Hayes Exits Entirely: “I Sold Everything”—About $22–26 Million in ETH/ENA/UNI Sold
📌 BitMEX co-founder Arthur Hayes posted on X on 10/24 that Maelstrom, his family office, had sold all of its directional positions, taking profits on ETH, ENA, UNI and other assets. “It has to go down before it can go up.” He said the macro and geopolitical outlook was “a bit dicey” and that he was waiting on the sidelines for a clear signal (Yahoo Finance/CryptoSlate).
📌 On-chain trackers: Lookonchain estimated the sales at about $22.28 million, including 6,400 ETH worth about $15.2 million, 14 million ENA, and 323,000 UNI. EmberCN estimated about $26.08 million, including 8,000 ETH. The wallet’s ownership has not been confirmed by Hayes.
📌 A contrast: Santiment said ETH saw net outflows of about 169,800 coins from exchanges on 10/23, the biggest daily outflow in more than four months. ETH was around $2,340 (TokenPost), while BTC was around $80,500.
【Commentary】
In September, Hayes was still calling for ETH to reach $10,000 by year-end. This change of course looks more like a macro-driven move to reduce risk: Brent crude is around $117, the 10-year U.S. Treasury yield is near 5%, and markets are pricing in roughly an 80% chance of a December rate hike following Wednesday’s FOMC meeting. A KOL exiting their positions doesn’t change the fundamentals, but it can amplify short-term sentiment, with altcoin liquidity likely to come under pressure first. Note that he said “directional positions”—this doesn’t mean he sold his long-term BTC holdings.
【Opportunities/Risks】
1️⃣ Key ETH levels: support at $2,350/$2,330; a break below could put $2,200 in view. A move back above $2,400–$2,520 would signal a recovery (NordFX/Santiment).
2️⃣ The coins mentioned, including ENA, UNI, and ETHFI, face greater near-term selling pressure and risk of sentiment-driven sell-offs.
3️⃣ If Wednesday’s FOMC meeting is dovish on December, it could be one of the “all clear” signals he is waiting for.
4️⃣ Beware of address poisoning: 26 fake “ETH” transfers appeared in his wallet within 90 minutes. Always verify the full address before transferring.
Do you think Hayes timed the top perfectly this time, or is he once again a contrarian indicator?
#ArthurHayes #以太坊 #FOMC #CryptoMarket
$ETH $ENA For reference only; not investment advice.