Arthur Hayes sold more than USD $ 13 million in cryptocurrencies and takes refuge in USDC

The former manager of Bitmex He linked these movements to a shelter tactics in the face of current economic and political conditions, anticipating a possible fall in the cut/medium term.

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• The former CEO of Bitmex liquidated great positions in Eth, Ena and Pepe.
• Converted these capitals into USDC, And it currently has more than 80% of its funds in the stable.
• It suggests a bearish macroeconomic panorama, but maintains its long -term bullish bet by BTC and ETH.
  
• The sale coincides with global tensions, weak labor data in the US and new tariffs.

Arthur Hayes, a figure known for his market analysis and for being the co -planter of cryptocurrency exchangers Bitmex, has made a significant restructuring of its portfolio, selling more than USD $ 13 million in digital assets such as Ethher (eth), Ethena (ENA) and Pepe (Pepe).

The information was revealed by the platform Arkham Intelligence, reviewed by COINDESKwhere it is appreciated that Hayes sold 2,373 Eth by USD $ 8.32 million, 7.76 million ENA for USD $ 4.62 million, and 38,860 million tokens Pepe for approximately USD $ 414,700. Subsequently, most of the funds were converted to the stablecoin USDC, which now represents more than 80% of the balance of the observed address, which contains a total of USD $ 27.9 million.

In an X publication, Hayes seemed to confirm that he is the owner of the address in question and He justified his movements based on an adverse macroeconomic context for financial markets and, by extension, for digital assets.

Protecting against a bearish scenario

Hayes argued that markets could experience a fall due to the effects of the new tariffs promoted by President Donald Trump. Some of these entered into force yesterday and others will be applied as of August 7, mainly affecting the US key business partners, like China.

The exexecutive also referred to a weaker American labor report than expected, which would indicate that none of the world’s main economies is expanding credit enough to boost the growth of the growth of the Nominal Gross Domestic Product.

“Then, BTC will test the USD $ 100,000, and ETH the USD $ 3,000”, Hayes wrote in an ironic tone, anticipating a possible rebound after a scenario of strong credit contraction.

In addition, he invited his followers to attend his next presentation at the conference Webx Asia, that will be held in Tokyo on August 25.

Geopolitical factors at stake

The climate of uncertainty has also been intensified by the growing tension between the United States and Russia. After an American ultimatum for Moscow to accept a high fire, Russian president Dmitry Medvedev responded with direct threats.

In reaction, Trump ordered the deployment of two nuclear submarines towards “Appropriate regions”raising the tone of international confrontation.

This global instability panorama and economic slowdown It seems to have motivated Hayes to reduce their exposure to volatile assets, instead, instead, for the liquidity and stability offered by USDC

Long -term perspective

Despite the mass sale, Hayes could continue to be long -term optimistic. In July, he shared an analysis in which he projected price goals for Bitcoin and Ether, pointing at USD $ 250,000 and USD $ 10,000, respectively.

These projections, in contrast to their current refuge in a stablecoin, reflect a strategy that combines tactical caution in the short term with a strongly bullish vision for the future of cryptoactive.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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