Arthur Hayes Liquidates $22M Crypto Portfolio Amid Macro Uncertainty

The sell-off, tracked by Lookonchain, was dominated by Ethereum, which accounted for approximately 68% of the total volume. Hayes liquidated 6,400 ETH, valued at $15.2 million, alongside significant holdings in ENA, UNI, and ETHFI. Smaller positions in AERO, PENDLE, and ZAMA were also cleared to move the firm’s capital into a neutral, cash-heavy position.

Hayes confirmed the exit on X, offering little detail on specific triggers while noting that the market must undergo a correction before it can resume an upward trajectory. This shift stands in stark contrast to his August stance, where he championed an aggressive, risk-on approach fueled by expectations of U.S. Treasury liquidity support. The current liquidation does not include a complete inventory of Maelstrom’s private investments or potential hedges, and Hayes has not provided a timeline for re-entering the market.