- Arthur Hayes sells major crypto holdings, impacts market prices.
- Bears dominate; assets dropped post-Hayes’ sale.
- USDC rises as Hayes moves to stable assets.
Arthur Hayes recently sold $13.35 million worth of ETH, ENA, and PEPE, citing bearish market conditions due to US tariff policies. His portfolio, comprising over 80% USDC, reflects a shift from high-volatility assets to stability.
Arthur Hayes’ crypto sale signals market uncertainty driven by macroeconomic factors and new US tariffs.
Hayes executed the sales of Ethereum, Ethena, and Pepe, totaling $13 million, during a bearish market environment. Following these transactions, his portfolio saw significant shifts, moving the bulk into USDC through Uniswap, Flowdesk, and Binance.
“I believe risk assets, especially crypto, are vulnerable here with Trump’s tariffs and weak jobs data. I moved mostly into USDC until we see how these global pressures shake out.” — Arthur Hayes, Former CEO, BitMEX
Instability in the crypto market was evident as prices dropped after these sales. ETH saw a 5% decline, while ENA and PEPE experienced 2% drops, indicating sensitive responses to major stakeholders’ actions.
Hayes’ portfolio restructuring highlights concerns over U.S. tariffs and global pressures. Market sentiment shifted cautiously, with other crypto holders reducing risk similarly by moving investments towards more stablecoins like USDC.
Historical data shows Hayes’ actions often coincide with price volatility and market sentiment shifts. Cryptocurrency stakeholders watch these moves for indications of broader trends.
With tariff tensions and employment data, market volatility may increase. Long-term strategies may veer towards stability and measured risk-taking, especially if global conditions deteriorate further due to continued macroeconomic pressures.
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