Arthur Hayes’ Portfolio Drops Over 30% — Should Markets Be Worried?

BitMEX co-founder Arthur Hayes' cryptocurrency portfolio value dropped from $63 million to approximately $42.2 million in November 2025, representing a decrease of over 30%. This sharp contraction followed a flurry of sales where Hayes offloaded major holdings in tokens like ETH, ENA, and LDO, totaling nearly $5 million in one day, indicating a notable reduction in his altcoin exposure. These actions contradict his previously bullish public stance, leading analysts like Orbion to suggest that sophisticated investors like Hayes might be signaling the end of the current crypto cycle. Orbion views Bitcoin's rally since January 2023 as a complete macrocycle and points to fading meme coin activity and declining performance in AI/L2 tokens as classic late-cycle exhaustion signals, suggesting Hayes' exit implies a belief that the market trend has shifted.

(Source：BeInCrypto)