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The value of the founder of BitMex, Arthur Hayes, the cryptocurrency portfolio fell by more than 30% in November 2025. The sharp decline is due to Hayes who made a significant sale of his holdings in several currencies.
This activity contrasts with his publicly positive views on the market, opening new questions about whether his trades indicate deeper concerns about the state of the current cycle.
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Arthur Hayes’ cryptocurrency portfolio drops more than 30%
According to Arkham information, Haise’s wallet has decreased from $63 million to about $42.2 million. Blockchain analytics platform Lookonchain I traced A recent wave of sales associated with it.
yesterday, Hayes sold 520 ETH For $1.66 million, 2.62 million ENA tokens for $733,000, and 132𠀸730 ETHFI tokens for $124,000.
Shortly after, he sold another 260 ETH worth about $820,000, 2.4 million ENA worth about $651,000, about 640,000 LDO worth about $480,000, 1,630 AAVE. $289,000, and finally 28𠀸670 UNI for a value of $209,000. Sales were about $5 million in one day, indicating… Significant reduction in alt training exposure.
The latest data shows that the current portfolio is focused on Ethereum-related assets, including 5𠀸731 ETH worth $18.03 million, its largest single holding.
The manager also owns 3𠀸119 EETH worth $9.8 million, 1𠀸167 WEETH worth $4 million, and$7.9 million in USDC. He continues to own positions in a variety of altcoins, such as PENDLE, BIO, LDO, WILD, SUDE, BOBA, WBTC and SENA.
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Altcoin sentiment was affected by Hayes’ moves
However, the timing of these sales drew scrutiny in the cryptocurrency community. While Hayes issued Optimistic outlook for many assetsHis recent actions deepen concern for… Health of the altcoin market.
According to Orbion, Hayes’ decision to exit early indicates that he believes the current cycle may already be coming to an end. The analyst also noted that a rollover into major altcoins has yet to materialize – and it looks increasingly unlikely that it will ever happen.
This is interpreted for him as a broken model. He noted that experienced players are exiting before the broader market realizes that the trend has changed.
read Post: “Arthur Hayes angrily withdrew from several top tier altcoins. ETH, ENA, LDO, UNI, AAVE – all sold at a loss. They are not small or dead coins – they are multi-billion dollar tokens. If even Hayes gives up hope on them – ask what it means.”
Orbion also pointed to the rise of Bitcoin From 665% from January 2023 As a complete macrocycle wave, not as an average cycle phase. Lack of acceleration after the ETF is available, Meme coin activity has decreasedFor him, declining trading volumes and stagnant performance in L2º smart tokens and AI are classic signs of late-cycle fatigue.
In November, cryptocurrency markets remain volatile and the outlook uncertain. The validity of Hayes’ approach depends on the evolution of the cryptocurrency market in the coming times.
