Arthur Hayes, BitMEX co-founder, just sold off $13.35M in crypto, including $8.32M in ETH, $4.62M in ENA, and $414K in PEPE, right as Bitcoin dipped below $113K.
Analysts say this is part of the third major profit-taking wave in the current bull cycle, often followed by a correction before the next rally.
Hayes had previously warned about market volatility and brushed off concerns like Trump’s tariffs, even predicting a "monster altseason."
But his recent sales seem more cautious, especially with spot $BTC ETFs seeing massive outflows ($812M in one day) and Ethereum ETFs also bleeding.
Still, this might just be Hayes playing the long game. He recently scooped up $1.5M in ENA at low prices, showing he’s still betting on strategic moves. Even though he’s trimming his $ETH and $PEPE bags now, he’s likely waiting for a calmer market to jump back in.
Classic Hayes, buying dips, selling highs, and keeping everyone guessing.
