BitMEX Co-founder Arthur Hayes Sells Large Amounts of Cryptocurrency
Arthur Hayes, co-founder of the BitMEX exchange, sold a substantial amount of cryptocurrency today. He subsequently explained that the correction in cryptocurrency may not be over, with Bitcoin potentially dropping further to $100,000 and Ethereum possibly falling to $3,000.
(Background: Is Arthur Hayes’ dual operation of shouting sell while dumping a common tactic?)
(Supplementary Background: Arthur Hayes’ latest forecast: Bitcoin at $250,000, Ethereum at $10,000 by year-end)
According to on-chain data monitoring platform Lookonchain, earlier today, Arthur Hayes sold a large amount of cryptocurrency, including Ethereum valued at $8.32 million (2,373 ETH), ENA worth $4.62 million (7.76 million), and PEPE worth $414,700 (38.86 billion), totaling approximately $13.35 million in funds.
Arthur Hayes’ Bearish Stance
As the community speculated why the long-term bullish Arthur Hayes would significantly sell off his holdings during today’s market decline, Hayes addressed the situation around 1 PM, stating that the correction in cryptocurrency may not be over, with Bitcoin potentially dropping to $100,000 and Ethereum to $3,000:
Why? The US tariff bill is coming due in Q3… at least the market believes that after the NFP print. No major economy is creating enough credit fast enough to boost nominal GDP. So $BTC will test $100k, $ETH will test $3k. Come see my @WebX_AsiaTokyo keynote on Aug 25 for more info. Back to the beach.
— Arthur Hayes (@CryptoHayes) August 2, 2025
Arthur Hayes: Bitcoin Target at $250,000, Ethereum at $10,000 by Year-End
It is worth mentioning that just last July, Arthur Hayes stated in a lengthy article that the imminent Ethereum bull market would completely ignite the market. He advised people to “not fear tariffs, not fear wars, and not fear random social issues,” predicting Bitcoin would reach $250,000 by the end of the year and Ethereum would rise to $10,000:
The upcoming Ethereum bull market will completely ignite the market. Since Solana surged from the ruins of FTX from $7 to $280, Ethereum has been the least favored among large cryptocurrencies. But now it’s different; the group of Western institutional investors, led by cheerleader Tom Lee, greatly favors Ethereum.
Buy first, ask questions later. Or don’t buy, and then like a gloomy guy, drink tasteless light beer in the corner of the club while a group at the next table, whom you think are less intelligent than you, spends lavishly on champagne.
My year-end targets:
- Bitcoin = $250,000
- Ethereum = $10,000
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- Arthur Hayes Predicts: Ethereum Will Break $5,000, SOL Will Subsequently Stand Above $300
- Arthur Hayes Warns: Bitcoin Reserves May Become a “Political Nuclear Weapon” Following a Democratic Victory or Liquidation Sell-off