Hayes don sell $5M for Altcoins, double im bet on ZEC before halving
BitMEX co-founder Arthur Hayes don sell almost $5 million worth altcoins as crypto markets land for multi-month lows, with over $620 million liquidations inside 24 hours, including $243.5 million for Bitcoin and $170 million for Ethereum. On-chain data show say e sell ETH, ENA, ETHFI, LDO, AAVE, and UNI through institutional OTC desks. Despite the altcoin liquidation, Hayes still get bullish eyes for Zcash (ZEC), post ZEC/BTC chart and increase im ZEC holdings as the pair rise from 0.0045 to 0.0068 BTC on higher volume. Traders dey watch privacy-coin rotation. Hayes still optimistic about the wider crypto cycle, predicting post-halving peak for late 2025 or early 2026 inside steady macro spending vibes.
Bearish
Arthur Hayes almost $5 million altcoin liquidation add to existing leveraged unwind and market low levels, heighten short-term bearish pressure across major altcoins. Him sell-off through OTC desks reinforce negative sentiment among traders. On the other hand, him bullish signal on ZEC—with increased Zcash position and rising ZEC/BTC pair—fit trigger privacy-coin rotation, give short-term uplift for ZEC. Looking forward, Hayes forecast say post-halving peak for late 2025 or early 2026, supported by macro spending trends, highlight long-term bullish potential once volatility calm down.