Arthur Hayes sells $13.35 million in cryptocurrency: Bitcoin will retrace to $100,000, Ethereum will fall to $3,000

BitMEX exchange co-founder Arthur Hayes sold a large amount of cryptocurrency today. He later explained that the cryptocurrency pullback may not be over, with Bitcoin potentially dropping further to $100,000 and Ethereum possibly falling to $3,000. (Background: Is the act of shouting while selling a tactic commonly used by Arthur Hayes?) (Additional context: Arthur Hayes' latest prediction: Bitcoin at $250,000, Ethereum at $10,000 by the end of the year) According to on-chain data monitoring platform Lookonchain, earlier today (2nd), BitMEX co-founder Arthur Hayes sold a significant amount of cryptocurrency, including $8.32 million worth of Ethereum (2,373 ETH), $4.62 million worth of ENA (7.76 million), and $414,700 worth of PEPE (3.886 billion), totaling approximately $13.35 million in funding. Arthur Hayes openly bearish Amid community speculation on why long-term bullish cryptocurrency investor Arthur Hayes sold off a large amount of his holdings during today’s market downturn, Arthur Hayes addressed this around 1 PM, stating that the cryptocurrency pullback may not have ended, with Bitcoin possibly dropping further to $100,000 and Ethereum potentially falling to $3,000: Why? The US tariff bill is due in Q3... at least the market believes so after the non-farm payroll data was released. No major economy is generating enough credit fast enough to boost nominal GDP. Therefore, $BTC will test $100,000, and $ETH will test $3,000. Come see my @WebX_Asia Tokyo keynote on August 25 for more info. Back to the beach. https://t.co/zuHlwgQKC7 — Arthur Hayes (@CryptoHayes) August 2, 2025 Arthur Hayes: Bitcoin expected to reach $250,000 by year-end, Ethereum to surge to $10,000. Notably, just last month in July, Arthur Hayes stated in a lengthy article that the upcoming Ethereum bull market will completely ignite the market. He advised people to "not fear tariffs, not fear war, and not fear random social issues" and predicted Bitcoin would reach $250,000 by year-end and Ethereum would rise to $10,000: The upcoming Ethereum bull market will completely ignite the market. Since Solana surged from $7 to $280 in the ruins of FTX, Ethereum has been the least favored among large cryptocurrencies. But now it’s different; Western institutional investors, led by cheerleader Tom Lee, are very fond of Ethereum. Buy first, ask questions later. Or don’t buy, and sit in the corner of the club drinking terrible light beer while a group you think is less intelligent than you buys champagne at the adjacent table. My year-end targets: Bitcoin = $250,000 Ethereum = $10,000 Related reports Arthur Hayes latest interview: Bitcoin and Ethereum have completed bottoming out, where will new liquidity come from? How to select targets at this stage? Arthur Hayes again predicts: Ethereum will break through $5,000, SOL will subsequently reach $300. Arthur Hayes warns: Bitcoin reserves could become a political nuclear weapon. A Democratic victory could lead to liquidation sales. "Arthur Hayes sells $13.35 million in cryptocurrency: Bitcoin will retrace to $100,000, Ethereum will fall to $3,000" This article was first published on BlockTempo (the most influential blockchain news media).