Arthur Hayes: Has sold off altcoins including ETH, ENA, and UNI, expects market to fall first before rising

Odaily reports: Arthur Hayes posted on X platform that his investment firm Maelstrom has liquidated its positions in ETH, ENA, UNI, and other altcoin-related holdings, taking profits.

Hayes believes that due to macroeconomic and geopolitical uncertainties, the crypto market may need to experience a downturn first before rising again. He stated that he currently plans to stay on the sidelines temporarily and wait for clearer signals from the market before considering re-entry.