Markets· ★★★· bearish·

Arthur Hayes sells entire ETH, ENA and UNI positions

  • —Hayes closed all Maelstrom directional positions in ETH, ENA, UNI and other altcoins
  • —A month earlier he said ETH could reach $10,000 by year-end
  • —ETH trades near $2,320, down 43.1% over the past year; ENA is down 58.5%
  • —Hayes will stay out of the market until a clear entry signal emerges
Why it matters: A high-profile bull reversing course could reinforce caution among retail investors amid a weak market.
Source: Livecoins