Arthur Hayes Sells $22.28M in Crypto, Sits Out Market, per BeInCrypto
According to BeInCrypto, Arthur Hayes has sold about $22.28 million from Maelstrom's directional book and plans to sit out the market, a reversal from his October 15 call to go long Bitcoin.
According to BeInCrypto, Arthur Hayes, chief investment officer of the family office Maelstrom, has sold about $22.28 million in crypto from the firm's directional book. Hayes confirmed the exit on X and said he plans to sit out the market.
BeInCrypto reports that the post marks a shift from Hayes's tone earlier this month. On October 15, Hayes urged traders to go long Bitcoin (BTC). The source's coverage of that earlier call is cut off in the material provided, so the full context of his prior position cannot be confirmed from this report. BeInCrypto's headline frames the post as Hayes warning of more pain; that characterization is the outlet's framing and has not been independently verified.
The source material does not specify which assets make up the $22.28 million sold, the average entry or exit prices, or the exact wording of Hayes's remarks. It also does not state whether the sale represents a full or partial reduction of Maelstrom's directional exposure. Any further comment from Maelstrom or Hayes beyond the X post has not been reported in the source provided.
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