{"id":25782,"date":"2025-08-03T14:38:46","date_gmt":"2025-08-03T11:38:46","guid":{"rendered":"https:\/\/forklog.com\/en\/arthur-hayes-sells-13-million-in-cryptocurrency-amid-correction-forecast\/"},"modified":"2025-08-03T14:38:46","modified_gmt":"2025-08-03T11:38:46","slug":"arthur-hayes-sells-13-million-in-cryptocurrency-amid-correction-forecast","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/arthur-hayes-sells-13-million-in-cryptocurrency-amid-correction-forecast\/","title":{"rendered":"Arthur Hayes Sells $13 Million in Cryptocurrency Amid Correction Forecast"},"content":{"rendered":"<p>On August 2, an address belonging to former BitMEX CEO Arthur Hayes sold a portion of its cryptocurrency holdings within six hours: 2,373 ETH ($8.32 million), 7.76 million ENA ($4.62 million), and 38.86 billion PEPE ($414,700). Analysts at Lookonchain noted this activity.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Arthur Hayes(<a href=\"https:\/\/twitter.com\/CryptoHayes?ref_src=twsrc%5Etfw\">@CryptoHayes<\/a>) sold 2,373 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($8.32M), 7.76M <a href=\"https:\/\/twitter.com\/search?q=%24ENA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ENA<\/a>($4.62M) and 38.86B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>($414.7K) in the past 6 hours.<a href=\"https:\/\/t.co\/1HymJRPhcj\">https:\/\/t.co\/1HymJRPhcj<\/a> <a href=\"https:\/\/t.co\/MoJNKUjJaQ\">pic.twitter.com\/MoJNKUjJaQ<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1951460470583599595?ref_src=twsrc%5Etfw\">August 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The <a href=\"https:\/\/intel.arkm.com\/explorer\/address\/0x6cd66DbdFe289ab83d7311B668ADA83A12447e21\">wallet<\/a> retains about 233 ETH worth $809,000 and 1,167 weETH valued at $4.33 million. The primary holding consists of 22.94 million USDC.<\/p>\n<p>Another <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/arthur-hayes\">address<\/a> associated with the entrepreneur holds ETH, EETH, and other coins valued at $27.1 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/39CB8E2B-10EC-4CEF-A0A2-A2E1FE349DD5.webp\" alt=\"{39CB8E2B-10EC-4CEF-A0A2-A2E1FE349DD5}\" class=\"wp-image-263171\"\/><figcaption class=\"wp-element-caption\">Source: Arkham.<\/figcaption><\/figure>\n<p>Later, Hayes confirmed the sale. Explaining his reasoning, he stated that &#8220;a US tariff bill is expected to come due in the third quarter, at least that&#8217;s what the market believes following the jobs data release.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Y? US Tariff bill coming due in 3q \u2026 at least the mrkt believes that after NFP print. No major econ is creating enough credit fast enough to boost nominal gdp. So <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> tests $100k, <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> tests $3k. Come see my <a href=\"https:\/\/twitter.com\/WebX_Asia?ref_src=twsrc%5Etfw\">@WebX_Asia<\/a> Tokyo keynote Aug 25 for more info. Back to the beach. <a href=\"https:\/\/t.co\/zuHlwgQKC7\">https:\/\/t.co\/zuHlwgQKC7<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1951510939469292023?ref_src=twsrc%5Etfw\">August 2, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;No major economy is creating enough credit to increase nominal GDP,&#8221; added the former BitMEX CEO.<\/p>\n<\/blockquote>\n<p>He predicts a correction for Bitcoin, testing $100,000, and Ethereum dropping to $3,000.<\/p>\n<h2 class=\"wp-block-heading\">An Unstable Situation<\/h2>\n<p>In May, Hayes <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-predicts-bitcoin-surge-to-150000-due-to-fed-policy\">suggested<\/a> that the leading cryptocurrency could rise to $150,000 by the end of 2025. However, he emphasized the importance of maintaining an accommodative policy by the US Federal Reserve (Fed).<\/p>\n<p>At that time, he believed conditions were ideal for a rally, including high market uncertainty, which &#8220;would force the Fed to print money.&#8221;<\/p>\n<p>On July 30, the regulator <a href=\"https:\/\/forklog.com\/en\/news\/federal-reserve-maintains-rate-bitcoin-holds-steady\">held<\/a> another meeting, leaving the key rate unchanged. Fed Chair Jerome Powell <a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/fomcpresconf20250730.htm\">provided<\/a> a cautious comment on future policy but mentioned cryptocurrencies positively:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;[Banks] are quite capable of serving cryptocurrency clients if they understand the risks and can manage them. [&#8230;] strengthening the regulatory framework for digital assets would be very constructive.&#8221;<\/p>\n<\/blockquote>\n<p>At the time of writing, 80.3% of market participants expect the Fed to cut rates by 25 basis points at the September meeting.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcjaQkZo16gZPtFIDRIioKENMXVXL4rTU_M-u92-RDktpNTQNikeBSWSeU8yVn1uGTFI6DGHLgXiAcRZuKOhnn0Z6Zj9SM-ds1Kywlu-pzun5_8uX-QDqWfESKIPs3FQh9h2sgd7Q?key=XK0MWgQ8ZmdM4rgjdDnDAg\" alt=\"\u0410\u0440\u0442\u0443\u0440 \u0425\u044d\u0439\u0435\u0441 \u043f\u0440\u043e\u0434\u0430\u043b \u0447\u0430\u0441\u0442\u044c \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442 \u043d\u0430 $13 \u043c\u043b\u043d. \u042d\u043a\u0441\u043f\u0435\u0440\u0442 \u0441\u043f\u0440\u043e\u0433\u043d\u043e\u0437\u0438\u0440\u043e\u0432\u0430\u043b \u043a\u043e\u0440\u0440\u0435\u043a\u0446\u0438\u044e\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">CME Fedwatch Tool<\/a>.<\/figcaption><\/figure>\n<p>Despite the cautious optimism, Bitcoin fell from $118,000 to $113,000 in early August.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeXsWavkPDteuekgEDaUXTYmQ_WvbbrvH_0rGa97_Syg31RLo3bT-XWQocIsOBl1Q46PrdL4x7VDdqy6otCr8nzfd_w8p7heJUQv1LvNBKJUntMLqqb2r3Ir35SJoc-jJfgAfTe?key=XK0MWgQ8ZmdM4rgjdDnDAg\" alt=\"\u0410\u0440\u0442\u0443\u0440 \u0425\u044d\u0439\u0435\u0441 \u043f\u0440\u043e\u0434\u0430\u043b \u0447\u0430\u0441\u0442\u044c \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442 \u043d\u0430 $13 \u043c\u043b\u043d. \u042d\u043a\u0441\u043f\u0435\u0440\u0442 \u0441\u043f\u0440\u043e\u0433\u043d\u043e\u0437\u0438\u0440\u043e\u0432\u0430\u043b \u043a\u043e\u0440\u0440\u0435\u043a\u0446\u0438\u044e\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/XQSQJA42\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The decline followed a <a href=\"https:\/\/apnews.com\/article\/trump-tariffs-russia-india-9e388a55583e7007149819c52f0fd71b\">statement<\/a> by US President Donald Trump regarding trade tariffs against India. Additionally, experts at CryptoQuant observed a significant wave of profit-taking in Bitcoin.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/44974\" data-width=\"100%\"><\/script><\/p>\n<p>Earlier, the analyst known as Rekt Capital <a href=\"https:\/\/forklog.com\/en\/news\/analyst-predicts-potential-end-of-bitcoin-bull-market-by-autumn\">claimed<\/a> the bull market would end in the autumn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 2, an address belonging to former BitMEX CEO Arthur Hayes sold a portion of its cryptocurrency holdings within six hours: 2,373 ETH ($8.32 million), 7.76 million ENA ($4.62 million), and 38.86 billion PEPE ($414,700). Analysts at Lookonchain noted this activity. Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1193,18,1138],"class_list":["post-25782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arthur-hayes","tag-bitcoin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25782"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25781"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}