Arthur Hayes: Exited positions in ETH, ENA, UNI and other tokens to take profits, citing concerns over macroeconomic and geopolitical risks.

On October 24, BitMEX co-founder Arthur Hayes confirmed on X that he has closed out his Maelstrom fund’s directional trading positions and taken profits on ETH, ENA, UNI, and other altcoins.

Hayes stated that he believes the market may need to experience a downturn before seeing further gains. Given the significant uncertainty in current macroeconomic and geopolitical conditions, he has decided to step aside temporarily and wait for the market to send clear safety signals before considering re-entry.

Previously, monitoring data from Lookonchain indicated that the total value of tokens sold by Hayes amounted to approximately $22.28 million.