Arthur Hayes just nuked his entire crypto bag.
On-chain shows ~$26M in sells tracked, including 8,000 $ETH (~$19M). He's citing macro uncertainty and geopolitical risk as the reason for going full cash.
His take: crypto needs to "go down to go up." He's sitting out until he gets an "all clear" signal before going degen mode again.
When a BitMEX OG exits this hard, it's worth paying attention. Either he's early or he's right. Market structure looking shaky.
On-chain shows ~$26M in sells tracked, including 8,000 $ETH (~$19M). He's citing macro uncertainty and geopolitical risk as the reason for going full cash.
His take: crypto needs to "go down to go up." He's sitting out until he gets an "all clear" signal before going degen mode again.
When a BitMEX OG exits this hard, it's worth paying attention. Either he's early or he's right. Market structure looking shaky.
