Arthur Hayes, co-founder and former CEO of BitMEX, has sold approximately $13.5 million worth of cryptocurrency, including 2,373 Ethereum (ETH) valued at $8.3 million, 7.76 million ENA tokens worth $4.6 million, and 38.9 billion PEPE tokens valued at $414,700. Despite this substantial sell-off, Hayes remains bullish on Bitcoin (BTC) and Ethereum, forecasting that Bitcoin will test the $100,000 mark and Ethereum will reach $3,000 amid ongoing macroeconomic pressures. He attributes these pressures to the recent U.S. tariff bill and a slowdown in credit creation across major economies, which he expects to cause economic strain in the third quarter of 2025. Hayes' market outlook suggests a potential slump but also anticipates significant price movements for major cryptocurrencies in response to these macroeconomic factors.