Massive Portfolio Shift: $13 Million in Crypto Sold
On-chain data reveals that Hayes recently liquidated more than $13 million in crypto assets, including Ethereum (ETH), Ethena (ENA), and PEPE. The majority of proceeds were moved into USDC, with the stablecoin now representing over 80% of his publicly tracked $27.9 million portfolio.
Hayes points to several catalysts for his risk-off stance: restrictive monetary policy, weak credit expansion across major economies, and escalating geopolitical tensions. The announcement of new U.S. tariffs by President Trump this week amplified uncertainty in financial markets, with Bitcoin dropping to $113,000 in the aftermath.
Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past 6 hours.https://t.co/1HymJRPhcj pic.twitter.com/MoJNKUjJaQ
— Lookonchain (@lookonchain) August 2, 2025
Bearish Short-Term, Bullish Long-Term
In a recent post on X, Hayes projected that Bitcoin could "retest $100,000" in the coming weeks—a nearly 12% pullback from current levels. He also expects Ethereum to underperform in the near term, forecasting a possible decline to $3,000.
Statistically, his thesis finds support: August is historically one of the weakest months for crypto markets. Nonetheless, Hayes remains bullish over a longer horizon, reiterating a $250,000 year-end target for Bitcoin based on previous statements.
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 @WebX_Asia Tokyo keynote Aug 25 for more info. Back to the beach. https://t.co/zuHlwgQKC7
— Arthur Hayes (@CryptoHayes) August 2, 2025
Investment Approach: Defensive Moves Amid Macro Uncertainty
Hayes, known as one of the industry's early pioneers, is repositioning his portfolio in response to tightening U.S. monetary conditions and heightened geopolitical risk. In an exclusive interview, the billionaire outlined his current investment philosophy: heavy stablecoin allocation for downside protection, while remaining prepared to re-enter Bitcoin and select altcoins when the macro outlook improves.