Arthur Hayes is shifting to altcoins from Ethereum.

Recently, the cryptocurrency market has been shaken by the wallet movements of Arthur Hayes, the co-founder of BitMEX. Hayes has changed his investment strategy by continuing to reduce his Ethereum (ETH) position. This situation has attracted the attention of investors, and Hayes' new direction has become a topic of curiosity.

According to data provided by Lookonchain, Hayes transferred a total of 680 Ethereum worth approximately $2.03 million for sale purposes. This transaction followed a major transfer he carried out on December 19, when he sent around $1.5 million worth of 508,647 Ethereum to Galaxy Digital. Within just two days, a total of 1,188 Ethereum being moved to exchanges caught attention.

Arthur Hayes explained the strategy behind these movements in a social media post. He stated that his reasons for exiting Ethereum involve shifting toward high-quality DeFi projects. Furthermore, he believes that an increase in fiat liquidity could lead to better performance for these assets. Hayes’ statements indicate that this is not only a portfolio adjustment but also based on wider market expectations.

Investors who particularly believe that liquidity conditions will loosen again are closely monitoring Hayes' approach. However, Hayes' Ethereum transfers are often interpreted as preparations for selling. The transfer of large amounts of Ethereum to exchanges or institutional brokers raises the possibility of creating short-term downward pressure on prices. Such wallet movements continue to be an important observation point for investors.