Arthur Hayes exits crypto trading positions as analysts track $26 million in sales
Arthur Hayes said Maelstrom had exited its near-term directional crypto positions, citing macroeconomic and geopolitical uncertainty and waiting for clearer market signals. On-chain analyst EmberCN estimated he sold about $26 million in tokens, including 8,000 ETH worth roughly $19 million, plus ENA, UNI and smaller positions. The sales reverse bullish forecasts Hayes made in September, but do not show that Maelstrom sold its longer-term Bitcoin holdings. Separately, Santiment reported net exchange outflows of about 169,770 ETH on Oct. 23, the largest in over four months, and suggested they might support a recovery if sustained. It cautioned that transfers off exchanges do not necessarily indicate new buying. Santiment identified $2,400 as a key pivot, with levels above $2,500 supporting its bottoming thesis and below $2,330 weakening it.
