BitMEX co-founder Arthur Hayes liquidated roughly $13.5 million worth of cryptocurrencies on 2 August, offloading 2,373 Ether, 7.76 million Ethena tokens and 38.86 billion Pepe coins within about six hours. The transactions reduce a portion of Hayes’s previously bullish personal holdings and come as digital-asset markets struggle to regain momentum after recent price swings. Hayes said the sales reflect a tactical pullback amid what he sees as mounting macroeconomic headwinds, including tighter global liquidity and the drag from the United States’ tariff regime. He warned that Bitcoin could “test $100,000” and that Ethereum might slip toward $3,000 in the near term, but maintained a longer-term forecast that Bitcoin could climb to $1 million within four years once monetary conditions ease.