Hayes Goes Risk-Off: Sells $13M in Crypto While Predicting $100K Bitcoin

Crypto maverick Arthur Hayes is making waves again – this time by taking chips off the table while warning of a potential Bitcoin retreat to $100,000.

The outspoken Maelstrom Fund leader pointed to red flags including July’s anemic jobs report and global credit slowdown as justification for his bearish turn.

True to form, Hayes backed his words with action, dumping $8.32 million in ETH, $4.62 million in Ethena, and $414,700 in PEPE memecoin. “These macro conditions could mean $100K BTC and $3K ETH,” he tweeted Saturday.

Blockchain trackers show Hayes’ wallet has since shifted to a conservative stance, with $22.95 million of its $28.3 million balance now in stablecoins – a classic “wait and see” position from the often-contrarian investor.