Former BitMEX CEO Arthur Hayes, known for his bold predictions, sold cryptocurrency assets worth $13.35 million, including 2,373 $ETH ($8.32 million), 7.76 million $ENA ($4.62 million), and 38.86 billion $PEPE ($414.7 thousand). This transaction, according to Arkham Intelligence, occurred amid a cryptocurrency market decline driven by macroeconomic factors, including U.S. tariff policies and weak employment data. Hayes predicts that Bitcoin could test the $100,000 level, while Ethereum may drop to $3,000.
Despite the sell-off, Hayes remains optimistic in the long term, forecasting Bitcoin to rise to $250,000 by the end of the year. His actions indicate tactical repositioning: he has moved 80% of his portfolio into the USDC stablecoin in preparation for volatility. Previously, Hayes accurately predicted Bitcoin's rise, but his forecasts regarding the market peak in January 2025 did not materialize.
This event has sparked discussions among investors. Some see it as a signal for caution, while others view it as preparation for new investment opportunities. Stay tuned for cryptocurrency market news and join #MiningUpdates for the latest updates!
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