Arthur Hayes' Maelstrom closes its bets on ETH, ENA and UNI
The BitMEX co-founder called the move profit-taking amid economic and geopolitical worries and said he will return when conditions improve.
TRADINGALTCOINS
CoinShark Newsroom
10/24/20261 min read
BitMEX co-founder Arthur Hayes said on October 24 that his family office, Maelstrom, has closed its directional positions. The assets sold include ETH, Ethena's ENA and Uniswap's UNI.
Hayes described the exits as profit-taking driven by economic and geopolitical concerns. He said Maelstrom will return to these trades once conditions improve but did not give a timeline.
The announcement came on the same day Bitcoin briefly dropped below $80,000 and more than $400 million in long positions were liquidated across the market.
Source: The Crypto Basic.