Crypto Exchange Bitmex co-founder Arthur Hayes loaded more than $ 13 million of crypto holdings including Ether. (Eth)Athena
And Pepe.
data from Arkham intelligence The show Hayes sold these cryptocurrency worth millions and moved to accumulate the USDC, with Stabelcoin, now made more than 80% of $ 27.9 million in the address associated with her.
The price of 2,373 Eth at this address was $ 8.32 million, 7.76 million ENA priced $ 4.62 million and 38.86 billion was priced at $ 414,700. In a post on X, he confirmed that he was behind the address and pointed to a recession landscape for the Crypto space.
Hayes suggested that the market would make a hit under the influence of President Donald Trump’s tariff, some of which came into force on August 1 and others are coming on 7 August, affecting major trading partners.
Combined with a weakened-to-served American jobs report, he argued that no major economy is expanding enough credit to promote nominal GDP. Against this background, he predicted that bitcoin “could test $ 100K” while Ether would revaluate $ 3,000.
Y? The US tariff is coming due to Bill 3Q … at least MRKT believes that after NFP print. No major Econ is making sufficiently enough credit to promote nominal GDP. so $ BTC Testing $ 100K, $ Eth Test $ 3K. Come on my @Webx_asia For more information, Tokyo Keenote 25 August. Back to the beach. https://t.co/zuhlwgqkcc7
– Arthur Hayes (@cryptohayes) August 2, 2025
Crypto market, as measured by coindesk 20 (CD 20) The index, lost more than 7.5% of its value in the previous week as the expectation of rate cut was faded. Bitcoin declined by 3.9% better than a broad market, and now stands at $ 113,500.
Similarly, Ether saw a decline of 6.5% in the same period and now trades at $ 3,500. While the rates of rate cuts decreased on Friday, later they later increased in the session. The labor market showed symptoms of weakness. Polymarket traders are now 70% chance Cut a rate in September.
The market is also increasing as tension between the US and Russia. Former Russian President Dimitri Medvedev, in response to an ultimatum on Moscow, threatened the US to agree to a ceasefireTrump said he ordered two nuclear submarines To go to “appropriate areas”.
Despite selling, Hayes may remain fast. One in Post last monthHe said that his end of the year for the price of bitcoin was $ 250,000, while he increased Ether to $ 10,000.
