Arthur Hayes Has Shifted to a Major Sell-Off Mode in Altcoins — “I Dumped Them All” — Here’s What He Sold

Hayes also reportedly transferred 1.89 million ETHFI ($1.23 million), 546,609 AERO ($398,000), 120,000 PENDLE ($244,000), and 3 million ZAMA ($214,000).

The fact that some of the assets were sent to market makers and OTC trading platforms strengthened the possibility of a sell-off, while Hayes’ statements confirmed the decision to reduce his positions.

Arthur Hayes: We May Need to Fall Before We Rise

Arthur Hayes stated in his announcement that Maelstrom closed all positions in his directional trading portfolio and exited after profiting from his investments in $ETH, $ENA, $UNI, and other altcoins.

The renowned investor believes that short-term risks persist in the cryptocurrency market due to current macroeconomic and geopolitical uncertainties.

According to Hayes, the market may need to experience another downturn before entering a sustained upward trend. Therefore, investors who prefer to wait for now do not plan to open new positions until clearer signals emerge indicating reduced risks.

*This is not investment advice.