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.

According to Farside Investors, U.S. spot Bitcoin ETFs saw total inflows of $1.17 billion on Thursday. The largest share came from BlackRock’s iShares Bitcoin Trust ETF (IBIT), which led the pack with $448 million in net inflows. 

Fidelity’s Wise Origin Bitcoin Fund followed closely, attracting $324 million on the same day. The strong momentum came just as Bitcoin surged past $113,800, setting a new all-time high. Moreover, the rally continued into Friday. 

These inflows ranked second only to the $1.37 billion recorded on November 7, 2024, after Donald Trump won the U.S. presidential election. 

BlackRock’s Ether ETF Sets New Daily Inflow Record 

Ether-based ETFs saw total net inflows of $383.1 million on Thursday, marking the second-largest daily intake in their history. 

The bulk of these investments went into BlackRock’s iShares Ethereum Trust ETF (ETHA). With $300.9 million in net inflows, ETHA set a new record for the highest daily entry ever recorded for an Ether ETF. 

Meanwhile, investor interest extended beyond price movements. According to Galaxy Research, U.S.-based Bitcoin ETFs have purchased a total of $28.22 billion worth of BTC in 2025 so far. In contrast, Bitcoin miners produced only $7.85 billion in new supply during the same period. Bitcoin demand has exceeded new issuance, creating potential scarcity in the market. 

Investor Demand Grows Despite Platform Barriers 

Nate Geraci, President of NovaDius Wealth Management, highlighted a key point in a post on Friday. He noted that traditional financial advisors remain cautious. 

“Major platforms like Vanguard still restrict access to these ETFs, yet investors are finding ways,” Geraci wrote, emphasizing the scale of the inflows. 

On the Ethereum side, supply metrics also show key signals. According to Ultra Sound Money, ETH net issuance hit 2,110 ETH in the last 24 hours, equivalent to roughly $6.33 million. 

But the $383.1 million that flowed into Ether ETFs far exceeded that number, again raising concerns about supply-demand imbalances. 

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The post Record Inflows: Bitcoin and Ether ETFs See Massive Demand appeared first on Coin Engineer.

Significant Withdrawals from Bitcoin ETFs 

Bitcoin’s price fell by 2% over the past 24 hours, dropping to $88,200 as of November 14. This price dip coincided with a massive $400.7 million net outflow from Bitcoin ETFs.

Key outflows were as follows: 

– Fidelity Bitcoin ETF: $179.2 million outflow (the largest recorded).

– ARK and 21Shares Joint ETF: $161.7 million outflow.

– Bitwise Bitcoin ETF: $113.9 million outflow.

On the other hand, only two ETFs posted net inflows: 

– BlackRock iShares Bitcoin Trust ETF (IBIT): $126.5 million inflow.

– VanEck Bitcoin ETF (HODL): $2.5 million inflow.

Ethereum ETFs Record First Major Outflows 

Ethereum-focused ETFs also faced notable outflows for the first time during this period. ETH’s price dropped by 5%, falling below the $3,100 mark.

Key outflow data for Ethereum ETFs: 

– Grayscale Ethereum ETF (ETHE): $21.9 million outflow.

– BlackRock iShares Ethereum Trust ETF (ETHA): $18.9 million inflow.

– Invesco ETH ETF: $900,000 inflow.

This resulted in a total net outflow of $3.2 million from Ethereum ETFs. 

Market Sentiment Shifts After Trump’s Election Victory

Following Donald Trump’s victory in the November 5 presidential election, the cryptocurrency market experienced a significant rally. Bitcoin’s price surged from approximately $68,000 to over $93,000, marking new all-time highs. During this period, Bitcoin ETFs saw inflows of $4.7 billion, reflecting strong investor confidence.

However, recent market uncertainty and price volatility have led investors to adopt a more cautious approach, despite substantial profits over the past few weeks.

This sharp turn of events highlights the fragility of market sentiment in the face of rapid price changes and macroeconomic uncertainty.

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