BitMEX co-founder Arthur Hayes’ cryptocurrency portfolio worth decreased by greater than 30% in November 2025. The sharp drop arises as Hayes actively bought main holdings throughout a number of tokens.
The exercise contradicts his bullish public views available on the market, opening new questions on whether or not his trades sign deeper issues concerning the state of the present cycle.
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Arthur Hayes’ Crypto Portfolio Drops Over 30%
In keeping with Arkham Intelligence, Hayes’ portfolio has contracted from $63 million to roughly $42.2 million. On-chain analytics platform Lookonchain tracked a current flurry of gross sales linked to him.
Yesterday, Hayes bought 520 ETH for $1.66 million, 2.62 million ENA tokens for $733,000, and 132,730 ETHFI tokens for $124,000.
Shortly after, he offloaded one other 260 ETH valued at round $820,000, 2.4 million ENA price $651,000, round 640,000 LDO for $480,000, 1,630 AAVE price $289,000, and lastly 28,670 UNI valued at $209,000. The entire gross sales neared $5 million in simply someday, indicating a notable lower in altcoin publicity.
As of the newest information, the present portfolio is concentrated in Ethereum-linked belongings, together with 5,731 ETH valued at $18.03 million—his largest single holding.
Arthur Hayes’ Crypto Holdings. Supply: Arkham Intelligence
The chief additionally holds 3,119 EETH price $9.8 million, 1,167 WEETH valued at $4 million, and $7.9 million in USDC. He continues to carry positions in a variety of altcoins, akin to PENDLE, BIO, LDO, WILD, SUSDE, BOBA, WBTC, and SENA.
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Altcoin Sentiment Hit by Hayes’ Strikes
Nonetheless, the timing of those gross sales has prompted scrutiny within the crypto group. Whereas Hayes has issued bullish predictions for a lot of belongings, his current actions are deepening issues concerning the well being of the altcoin market.
🚨 BREAKING
CRYPTO BILLIONAIRE ARTHUR HAYES IS SELLING ALL HIS CRYPTO.
HE’S BEEN A LONG-TIME BULL RUN BELIEVER, BUT TODAY STARTED AGGRESSIVELY DUMPING HIS ENTIRE CRYPTO PORTFOLIO.
IS IT REALLY OVER?? pic.twitter.com/8iQOcfn2mX
— 0xNobler (@CryptoNobler) November 16, 2025
In keeping with Orbion, Hayes’ choice to exit early means that he believes the present cycle might already be coming to an finish. The analyst additionally famous {that a} rotation into main altcoins has didn’t materialize — and more and more appears unlikely to occur in any respect.
For him, this factors to a damaged narrative. He argued that refined gamers exit earlier than the broader market realizes the pattern has shifted.
“Arthur Hayes just rage quit several tier-1 altcoins. ETH, ENA, LDO, UNI, AAVE – all sold at a loss. These aren’t lowcaps or dead coins – they’re billion-dollar tokens. If even Hayes gave up on them – ask yourself what that means,” the publish learn.
Orbion additionally framed Bitcoin’s 665% rally from its January 2023 low as a full macrocycle, not a mid-cycle part. The shortage of post-ETF acceleration, fading meme coin exercise, thinning volumes, and declining efficiency throughout AI tokens and L2s are, in his view, traditional late-cycle exhaustion indicators.
As of November, crypto markets stay unstable, and the outlook is unsure. Whether or not Hayes’ strategy proves right will rely upon crypto market developments within the coming time.
