🚨 Arthur Hayes Sells $13M – Says BTC Going $100K, ETH $3K
Arthur Hayes, ex-BitMEX CEO and current Maelstrom Fund CIO, expects Bitcoin to retrace toward $100K and Ethereum to around $3K in the short term.
He points to three main factors:
Weak U.S. job data (only 73K jobs added in July)
Rising tariffs expected in Q3
Slowing credit growth in major economies
In the last several hours, Hayes sold over $13M worth of crypto:
2,373 ETH (~$8.3M)
7.76M ENA tokens (~$4.6M)
38.86B PEPE tokens (~$415K)
Most of the proceeds moved into USDC stablecoins, signaling a risk-off position ahead of potential volatility.
Bitcoin is already down ~7% from its recent $123K all-time high, and Ethereum has dropped ~12% from $3,900.
Hayes says macro pressures could push these assets lower before the next leg up, and warns traders to prepare for choppy markets.
