Arthur Hayes, former CEO of BitMEX, made significant crypto sales totaling over 13 million dollars. These actions occurred against a backdrop of market consolidation, raising questions about future scenarios for Bitcoin and altcoins.
Massive Crypto Sale
On August 1, 2025, Arthur Hayes conducted asset transfers totaling 13.35 million dollars to exchange platforms. Cryptos involved included Ethereum (ETH), Pepe (PEPE), and Ethena (ENA). These actions took place while Bitcoin's price stabilized in a range around 114,000-115,000 dollars.
Asset Repositioning Strategy
The choice of assets sold indicates that Hayes may be rebalancing his portfolio. The sale of Ethereum could signal profit-taking, while Pepe's liquidity makes it a suitable target for quick sales. Ethena, being a newer token, is subject to strong price fluctuations, making it a priority asset to exit amid uncertainty.
Long-term Predictions by Arthur Hayes
Despite the sales, Hayes reaffirmed his long-term bullish view on Bitcoin, stating that *"Bitcoin will test the 100,000 dollar threshold"*. This perspective contrasts with the current negative signals in the market, reflecting his familiar approach of tactical adjustments while maintaining a fundamental strategy.
Arthur Hayes' strategy of selling altcoins while preserving Bitcoin positions may indicate his readiness to support volatile assets further. Given the current market conditions, his stance could be revisited depending on price changes.
