Arthur Hayes Offloads ETH, PEPE, ENA Without Touching BTC

In a swift move on August 1st, 2025, Arthur Hayes, former CEO of BitMEX, transferred over $13.35 million worth of cryptocurrencies to exchange platforms. This large-scale sale involved Ethereum (ETH), Pepe (PEPE), and Ethena (ENA), according to on-chain data, while notably leaving his Bitcoin (BTC) holdings untouched.

Key Highlights

• Arthur Hayes moved $13.35 million in crypto assets to exchanges.
• The assets sold were Ethereum (ETH), Pepe (PEPE), and Ethena (ENA).
• Bitcoin was consolidating around $114,000 during these transactions.
• The sales suggest a tactical repositioning rather than a bearish stance on Bitcoin.

A Tactical Rebalancing Amid Market Consolidation

The transfers, visible through wallets publicly linked to Hayes, have been interpreted as sales by blockchain analysts. The timing coincides with Bitcoin's price consolidating in a narrow range between $114,000 and $115,000. The choice of assets sold provides insight into Hayes' strategy:
• Ethereum (ETH): A cornerstone asset in institutional portfolios, its sale could indicate profit-taking or a temporary reduction in exposure.
• Pepe (PEPE): A highly speculative memecoin with rapid liquidity, often targeted during portfolio adjustments.
• Ethena (ENA): A newer, riskier token prone to volatility, making it a priority for exit amid uncertainty.
This selective selling points to a focus on liquidity and short-term management, while maintaining confidence in Bitcoin by not selling any BTC holdings.

Maintaining a Bullish Outlook on Bitcoin

Despite these sales, Hayes reaffirmed his bullish long-term view on Bitcoin, stating:

“bitcoin will test the 100,000 dollar threshold.”

In a tweet on August 2, 2025, he elaborated:

"Y? US Tariff bill coming due in 3q … at least the mrkt believes that after NFP print. No major econ is creating enough credit fast enough to boost nominal gdp. So $BTC tests $100k, $ETH tests $3k. Come see my @WebXAsia Tokyo keynote Aug 25 for more info. Back to the beach."

This stance contrasts with his short-term altcoin sales and the current bearish technical signals on shorter timeframes (1h and 4h charts). Hayes appears to be executing a tactical repositioning, reducing exposure to volatile altcoins while holding firm on Bitcoin.

Possible Market Scenarios

Hayes’ strategy suggests two main scenarios:
• Reallocation to Bitcoin: Should BTC dip below $110,000, Hayes might increase his Bitcoin holdings.
• Return to Altcoins: If the market regains momentum, he could re-enter altcoins.
The critical price level to monitor is $118,000, which could trigger a bullish trend aiming for $250,000 by the end of 2025.

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Source: Arthur Hayes Offloads ETH, PEPE, ENA Without Touching BTC

Frequently Asked Questions (FAQ)

Arthur Hayes's Crypto Transactions

Q: Why did Arthur Hayes sell ETH, PEPE, and ENA? A: The sales are interpreted as a tactical repositioning and profit-taking strategy by Arthur Hayes, likely to manage short-term exposure to more volatile altcoins while maintaining his bullish stance on Bitcoin. Q: Did Arthur Hayes sell any Bitcoin? A: No, according to the report, Arthur Hayes kept his Bitcoin holdings untouched during this period of asset reallocation. Q: What was the total value of the cryptocurrencies Arthur Hayes sold? A: Arthur Hayes transferred over $13.35 million worth of cryptocurrencies to exchange platforms during this transaction. Q: What is Ethena (ENA) and why might it be a priority for exit? A: Ethena (ENA) is a newer, riskier token that is prone to volatility, making it a potential candidate for exit during portfolio adjustments or periods of market uncertainty. Q: What is Arthur Hayes's outlook on Bitcoin? A: Arthur Hayes maintains a bullish long-term outlook on Bitcoin, predicting it will test the $100,000 threshold and potentially reach $250,000 by the end of 2025.

Crypto Market AI's Take

Arthur Hayes's strategic move to offload Ethereum, Pepe, and Ethena while holding Bitcoin highlights a common approach to portfolio management in the volatile crypto market. This selective selling is often driven by risk assessment, liquidity needs, and differing outlooks on individual assets. For investors looking to navigate such market dynamics, utilizing advanced AI-powered tools for real-time analysis and strategy implementation is crucial. Our platform offers AI trading bots and AI analysts that can help identify such market shifts and provide data-driven insights to inform investment decisions. Understanding the rationale behind significant trades by influential figures like Arthur Hayes can offer valuable lessons for managing one's own digital asset portfolio.

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