While the crypto market has dipped another 2.02% in the past 24 hours, now sitting at $3.66 trillion, former
#BitMEX CEO Arthur Hayes reportedly cashed out $13.35 million worth of crypto. Hayes replied to a post on X about the move, making it clear he still believes bitcoin is headed back to $100,000 and ethereum to $3,000.
Hayes Blames Tariff Fears, Sells $13M in Crypto Before Tokyo Keynote
On Aug. 1, 2025, the X account Lookonchain shared a post stating, “Arthur Hayes (
@Arthur Hayes ) sold 2,373 ETH ($8.32M), 7.76M ENA ($4.62M) and 38.86B PEPE ($414.7K) in the past 6 hours.” The account also highlighted a wallet address linked to Hayes via Arkham Intelligence. Another Arkham-labeled entity is also tagged as belonging to Hayes, but the former includes a question mark, signaling that the tagger wasn’t entirely sure.
Still, Hayes replied directly to Lookonchain’s X post and, based on his response, seemed to imply the wallet was his. Hayes mentioned the macroeconomic situation in the backdrop. Hayes believes a U.S. tariff bill is looming in the third quarter, and after the latest jobs report (NFP), markets are pricing that in. He further argues that no major economy is generating enough credit to grow nominal GDP.
Hayes said:
“So
#BTC tests $100K,
#ETH tests $3K.”
For more, he points to his Aug. 25 keynote at WebX Asia in Tokyo—then says he’s headed “back to the beach.” Hayes likely cashed out due to short-term macroeconomic pressures prompting a defensive portfolio adjustment during the crypto dip.
Despite the sale, Hayes remains bullish long-term, anticipating fiat liquidity surges from U.S. fiscal expansion under potential Trump policies, BOJ dollar injections, and inflationary war-driven economics. In the past, he projected bitcoin to $200,000 by year-end as crypto benefits from global monetary easing.
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