02.08.2025 21:23

Arthur Hayes, the co-founder of BitMEX, recently sold over $13 million in cryptocurrency assets, including Ether (ETH), Ethena (ENA), and PEPE tokens, within a six-hour period. This significant divestment followed shortly before his prediction of a Bitcoin price test at $100,000 and an Ethereum price dip to $3,000. The transactions, revealed by on-chain analytics platform Lookonchain, have generated considerable discussion within the cryptocurrency industry.

Hayes's bearish outlook is primarily fueled by his interpretation of worsening macroeconomic indicators. He specifically cited the upcoming U.S. tariff bill, anticipated to take effect in the third quarter, as a major contributing factor. His concerns are further underscored by the disappointing July Non-Farm Payroll (NFP) report, which indicated a substantial slowdown in job creation, suggesting a weakening economic environment.

His assertion that major economies are failing to generate sufficient credit to stimulate nominal GDP growth underlies his bearish cryptocurrency price predictions. This pessimistic assessment coincides with his upcoming keynote speech at WebX Asia in Tokyo later this month, where he is expected to elaborate on his market analysis. The timing of his significant crypto sale and subsequent bearish pronouncements has prompted significant speculation within the crypto community, making his Tokyo presentation highly anticipated.

Information regarding his transactions was sourced from internet sources and on-chain data analysis. Hayes himself confirmed the sale and explained his rationale via a post on X, where he linked his bearish outlook to macroeconomic concerns and the upcoming US tariff bill.