Arthur Hayes Sells $22.28 Million in Crypto and Takes Sidelines Amid Macro Risks

Arthur Hayes, chief investment officer of Maelstrom, sold approximately $22.28 million in crypto, including 6,400 ETH valued at $15.2 million, 14 million ENA, and 323,000 UNI, citing macro and geopolitical risks. This exit follows his October 15 advice to go long Bitcoin (BTC) and Ethereum (ETH) anticipating a bailout. His sales occurred during a broader market downturn, with six of the seven tokens sold declining over the past month, and this period saw $942.1 million in crypto liquidations in 24 hours.