Arthur Hayes, co -founder of Crypto Exchange Bitmex, has downloaded more than $ 13 million in crypto holdings, including Ether (Eth)Etena
And Pepe.
The Arkham Intelligence data show that you have sold millions of these cryptocurrencies and moved to accumulate the USDC, and the stablecoin now represents more than 80% of the $ 27.9 million in the direction associated with it.
The Directorate sold 2,373 ETH worth $ 8.32 million, 7.76 million ENAs valued at $ 4.62 million and 38.86 billion Pepe for $ 414,700. In an X post, he apparently confirmed that he is behind the direction and pointed out a bearish scenario for the cryptographic space.
Hayes suggested that the markets will be affected by the impact of the tariffs of President Donald Trump, some of which entered into force on August 1 and others go on August 7, which affects the key commercial partners.
Combined with a weaker American job report than expected, he argued that no important economy is expanding credit quickly enough to boost nominal GDP. In this context, he predicted that Bitcoin could “try $ 100K”, while Ether will visit $ 3,000 again.
AND? The US Rate Law Project. No important Econom is creating enough credit quick enough to increase nominal GDP. So $ BTC Try $ 100K, $ Eth Test $ 3k. Come see my @Webx_asia Tokyo Keynote August 25 for more information. Back to the beach. https://t.co/zuhlwgqkc7
– Arthur Hayes (@Cryptohayes) August 2, 2025
The cryptographic market, measured by the Coendesk 20 index (CD20), lost more than 7.5% of its value during the past week as the hopes of rates reduction vanished. Bitcoin exceeded the largest market with a 3.9%drop, and is now at $ 113,500.
Similarly, Ether saw a 6.5% drop in the same period and now listed at $ 3,500. While the hopes for cutting tariffs were attenuated on Friday, later in the session they arose after the labor market showed signs of weakness. Polymket merchants are now weighing a 70% chance to cut the rate in September.
The market is also decreasing as tensions between the United States and Russia intensify. After former Russian president Dmitry Medvedev threatened the United States in response to an ultimatum in Moscow to accept fire, Trump said he ordered two nuclear submarines to move to the “appropriate regions.”
Despite the mass sale, Hayes can remain optimistic. In a publication last month, he said that his end of the year objective for the price of Bitcoin was $ 250,000, while he saw Ether increase to $ 10,000.
