Arthur Hayes has just triggered alarm ringtones on the cryptography market – invoking millions of people in ETH, PEPE and ENA as American and economic fears of investor confidence.
The co-founder of Bitmex has released more than $ 13 million in cryptographic assets this week, citing increasing macroeconomic uncertainty. Its movement comes as Bitcoin and Ethereum decrease suddenly, which raises a more in -depth correction.
“So $ BTC is testing $ 100,000, $ ETH tests $ 3K,” said Hayes in a post, citing imminent prices and a low American job report. “No major savings create enough credit quickly enough to stimulate nominal GDP.”
Dishanged the sale of several million dollars in Hayes
Arkham Intelligence’s blockchain data confirm that Hayes used its portfolio (identified as 0x6cd6) to transfer large volumes of ETH, PEPE and ENA to centralized exchanges, including Binance and Cumberland DRW, for liquidation.
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ETH: Hayes has unpacked and sold 2,373 ETH worth around 8.32 million dollars.
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ENA: Unloaded its entire assets of 7.76 million ENA, valued at $ 4.62 million.
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PEPE: transferred 38.86 billion PEPE tokens worth around $ 415,000.
Arthur Hayes liquidated significant assets in Ethereum, Ethena and Pepe, signaling a strategic outing of these assets in the midst of an increasing uncertainty of the market. Source: Intel.arkm / Arthur-Hayes
These sales represent a significant change in the portfolio strategy. Hayes has since converted most of its USDC assets, the stablecoins now representing more than 80% of its portfolio balance, which totals $ 27.9 million.
American prices and low jobs: the main catalysts
Hayes has attributed its lower positioning to two key developments: the new American prices introduced by the Trump administration and the disappointing report of American jobs. The prices affecting the major global economies entered into force on August 1, with additional tasks scheduled by August 7.
Trump’s new prices on more than 60 countries have sparked a clear sale of cryptography, with experts warning an increase in inflation, stricter Fed policy and potential reprisals of China and EU. Source: x_crypto via x
In its opinion, the combination of a stricter trade policy and economic stagnation could lead to a drop in risk assets. “The markets believe that the tariff bill is due in the third quarter,” he said, providing for a bitcoin retracement to $ 100,000 and Ethereum plunging $ 3,000.
Whale activity reflects an increasing uncertainty
Hayes is not alone. Whale wallets have been active at all levels:
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The 0x3C9e portfolio deposited 26,182 ETH (~ 93.7 million dollars) to exchanges like Binance, OKX and Kraken in the last 48 hours.
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Coinbase and Binance have also rout thousands of ETH to Wintermute, probably using its over -the -counter services to reduce the impact of the market during large -scale sales.
This wave of activity reflects increasing prudence through investors of institutional cryptography and high shuttle, strengthening fears of a prolonged slowdown in the market.
Everyone does not sell: Sharplink Double on Ethereum
Unlike the prudent exit of Hayes, Sharplink Gaming – the second largest Treasury Ethereum behind the Binme – experienced the recent drop as an opportunity to buy. The company acquired 14,933 additional ETH (~ $ 52.5 million) using USDC, bringing its total assets to 464,209 ETH (valued at $ 1.63 billion).
Sharplink Gaming has strengthened its Ethereum holdings with a USDC investment of $ 108.57 million, acquiring 14,933 ETH and bringing its total hiding place to around 1.63 billion dollars. Source: @icompasstech via x
Analysts note that these divergent strategies among whales suggest a polarized feeling on the market. While some consider macro opposite winds as a reason for retirement, others remain focused on long -term accumulation.
Market reaction and perspectives
The wider market of cryptography lost more than 7.5% value in last week, with Bitcoin down 3.9% and Ethereum slipped by 6.5%. Bitcoin is currently negotiating about $ 113,500, while Ethereum hovers nearly $ 3,500.
Ethereum (ETH) was negotiated at around $ 3,467, down 4.05% in the last 24 hours at the time of the press. Source: Ethereum liquid index (ELX) via a new courageous piece
Although alleviations occurred late Friday after polymarket traders increased the probability of a drop in rate from September to 70%, volatility should remain high due to current American tensions and Russia and uncertainty surrounding monetary policy.
“It is not a collapse – it is a recalibration,” said an analyst. “Hayes hides his bets, but the case of long -term bull is not necessarily outside the table.”
Final reflections
The sale of Crypto by Arthur Hayes in the middle of increasing macroeconomic pressures has become a focal point in correction of the current market. Whether it signals a deeper slowdown or a temporary shakeout remains to be seen, but one thing is clear: the behavior of the rope is to make the headlines and retail investors look carefully.
During the August conduct, the cryptography market is at the crossroads: will institutional prudence trigger a deeper sale, or will DIP purchasing strategies by players like SharpLink win?
