TREE NEWS update: BitMEX co-founder Arthur Hayes sold about $26 million of tokens on Oct. 24, including 8,000 ETH at $2,369.18, 14 million ENA at $0.191 and 323,000 UNI at $6.85, after saying he had closed his directional portfolio. Onchain Lens data showed Hayes had received a total of $49.24 million in USDC following the sales. The move came roughly a week after he publicly advocated long BTC and ETH positions.
Arthur Hayes Liquidates Directional Portfolio, Sells $26M in ETH, ENA, UNI
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AI take
The signal value here is less the size of the sale than the reversal: a high-profile voice who argued for long BTC and ETH exposure roughly a week earlier has closed his directional book, and the disclosed fills show it was executed rather than just talked about. For traders who treat founder commentary as a sentiment gauge, that gap between public stance and onchain action is the takeaway. Whether other prominent holders follow with similar de-risking, and whether Hayes re-enters, is the open question worth watching.
Generated by AI for reference only.
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