maelstrom

𝚂𝙼𝙰𝚁𝚃 𝙼𝙾𝙽𝙴𝚈 𝙸𝚂 𝙴𝚇𝙸𝚃𝙸𝙽𝙶.

Arthur Hayes is scaling back Maelstroms directional trading exposure due to rising macroeconomic and geopolitical uncertainties. Lookonchain data confirms over twenty two million dollars in token sales across Ethereum and several other assets. This move suggests a defensive shift among major liquidity providers as they prepare for potential market volatility driven by global instability.

#ArthurHayes #Maelstrom ⠀

Conclusion: Maelstrom has fully closed its directional book. In a public statement on October 24, Arthur Hayes confirmed that all directional positions had been closed, citing macroeconomic and geopolitical uncertainty and saying he would step aside and wait for a signal.

1. Scale: According to Lookonchain’s October 24 figures, the seven tokens totaled approximately $22.28 million. This is the estimated value of the tokens transferred, not realized profit; Hayes has not disclosed the purchase prices or actual returns.

2. Composition: The largest position was 6,400 $ETH , worth approximately $15.2 million—nearly 70% of the total. Next were 14 million $ENA , worth approximately $2.76 million, and 323,000 $UNI , worth approximately $2.24 million. Together, the three accounted for about 90% of the total.

3. Remaining positions: The four smaller positions in ETHFI, AERO, PENDLE, and ZAMA totaled approximately $2.09 million. Some tokens were transferred to market makers and over-the-counter channels, pointing to actual sales rather than internal transfers.

4. Scope: Only the directional book was closed; this does not mean Maelstrom has liquidated all its holdings. Other hedging and private investment positions have not been disclosed, and Hayes has given no timeline or conditions for re-entry.

My take: What stands out is the timing. Just nine days earlier, Hayes had publicly expressed a bullish outlook; on the 24th, he reversed course and stepped aside—not because anything had gone wrong with a particular coin, but because of the broader macro environment. The departure of directional capital is a more noteworthy signal than the price movement of any single coin: when even the directional book chooses to stay flat and wait, what the market lacks in the short term is not assets, but a reason to enter. The next thing to watch is when the all-clear signal Hayes mentioned appears. Until then, staying flat is itself a statement.

Personal opinion only; this does not constitute investment advice.
#Maelstrom #MacroRisk

【Market Update】New developments: Arthur Hayes has expanded his position cuts. Wu Blockchain, citing Ember monitoring, reports that Hayes is bearish on the market outlook and has cut about $26.08 million in holdings, up from the previously reported $22.28 million: 8,000 ETH, 14 million ENA, and 323,000 UNI. He has fully exited his Maelstrom-directed account and will wait for macroeconomic and geopolitical signals to become clearer before re-entering. Will prices fall before rebounding, or is this a permanent exit?
$ETH $ENA $UNI
#Hayes #Maelstrom #PositionCuts
(Source: Wu Blockchain)
⚠️Risk disclaimer: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; proceed with caution.

Hayes is still selling after making the call

Since yesterday, around $28.81 million in total has been transferred to exchanges
Involving ETH, ENA, UNI, ETHFI, AERO, PENDLE, and ZAMA
Around 14.15 million USDC has been withdrawn back
In this window, another 14 million ENA, worth around $2.73 million, was transferred to Cumberland

Another estimate has around 8,000 ETH, worth about $18.69 million, transferred out
Then around 11.73 million USDC was recovered from Galaxy and Flowdesk
The remaining roughly $6.96 million is still being reconciled

Activity in progress does not mean there's a signal of a second full sell-off
Just verify the on-chain data; don't treat someone else's positions as your own trades
$ETH $ENA $UNI
#Hayes #ENA #ETH #Maelstrom #风险