According to Lookonchain data, the selloff included 2,373 ETH worth $8.32 million, 7.76 million ENA worth $4.62 million, and 38.86 billion PEPE tokens valued at around $414,700. The move came shortly after Bitcoin’s price dropped to $112,731 within 24 hours, signaling that Hayes anticipated the dip in advance. 

Meanwhile, Julio Moreno, Head of Research at CryptoQuant, stated that Bitcoin has entered the third major profit-taking phase in its current bull cycle. Historically, such phases often mark a correction period that precedes a renewed upward trend. 

Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past 6 hours.https://t.co/1HymJRPhcj pic.twitter.com/MoJNKUjJaQ

— Lookonchain (@lookonchain) August 2, 2025

Strategic Pullback or Simple Profit-Taking? 

Hayes’ decision appears at odds with his previous bullish outlook. He had predicted Ethereum would eventually reach $10,000, while consistently advocating for rapid altcoin adoption. The recent divestment could suggest a more cautious repositioning rather than a complete shift in sentiment. 

Interestingly, just weeks prior, Hayes had acquired ENA tokens worth $1.5 million at lower prices. This indicates he remains active in early-stage projects, maintaining a broader long-term crypto investment strategy. Despite the selloff, his confidence in the market’s growth potential seems intact. 

In addition, it’s not just Arthur Hayes adjusting positions. Institutional players are also retreating. Spot Bitcoin ETFs witnessed $812 million in net outflows—the second-largest single-day withdrawal on record. Fidelity’s FBTC fund led the exodus with a $331 million pullback. 

Spot Ethereum ETFs also reported notable outflows, reflecting broader investor caution. This trend suggests risk appetite is decreasing and that investors are bracing for further market volatility. 

Global Headwinds Build as Hayes Waits on the Sidelines 

Hayes’ recent sell decisions might also reflect macroeconomic factors rather than crypto-specific concerns. The White House has announced new tariffs targeting over 60 countries, set to take effect on August 7. The U.S. Federal Reserve warns this could drive inflation higher. Hayes had previously cautioned investors about geopolitical shocks creating heightened volatility. 

Thus, his selloff—particularly in ETH and PEPE—may not signal a bearish reversal, but rather a temporary repositioning. Hayes appears to be stepping back from short-term turbulence while staying invested in the long-term potential of select altcoins. 

This approach reinforces a fundamental principle in investing: risk management remains critical, even in bullish markets.

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The post Bitmex Arthur Hayes Sells Million Dollars in 3 Crypto Assets! appeared first on Coin Engineer.

Despite expectations of an altcoin season supported by crypto-friendly regulations in 2025, AI cryptocurrencies have lost almost a third of their total value.

According to CoinMarketCap data, the total market capitalization of AI cryptocurrencies dropped more than 28% from the peak of $70.4 billion on December 7, falling to $50.5 billion as of 7:15 a.m. UTC.

AI Cryptocurrencies Market Capitalization, 1-Month Chart

The total trading volume for AI tokens has also experienced a decline, falling by about 11% over the past month to the current $4.73 billion. This indicates a decrease in trader interest in AI cryptocurrencies.

The approximately 30% drop in AI-based cryptocurrencies occurred during a broader crypto market downturn.

During this period, Bitcoin’s price also experienced a correction of more than 14% from its all-time high above $108,000 on December 17.

BTC/USD, 1-Month Chart

An increasing number of analysts are forecasting that the altcoin season will begin in 2025. During this period, Bitcoin profits are expected to flow into smaller cryptocurrencies, including AI tokens.

Can Altcoin Season in 2025 Boost AI Cryptos?

Altcoin season typically benefits from a decline in Bitcoin’s market dominance. This means that investors take profits from their BTC positions and invest a portion of these funds into altcoins.

Crypto Market Flow

The 2025 altcoin season may start in the first quarter of 2025, based on fractal patterns shared by popular crypto trader Elja in a December 27 post on the X platform.

‘Just a few more weeks before mega altcoin season…’

Total Crypto Market Cap Excluding BTC, 1-Month Chart

In crypto trading, technical traders use price fractal patterns based on historical data to identify key support and resistance levels and potential trend reversals.

Ether’s price could benefit from the altcoin rally and recapture its previous all-time high.

While some analysts forecast Ether rising to $5,000 in the short term, others are predicting an ‘impulse breakout’ to $15,000 by the end of 2025.

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