Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom Fund, has exited his entire directional trading book. On October 24, 2026, he confirmed the move on X, selling Ethereum (ETH), Ethena (ENA), Uniswap (UNI), and other altcoins worth roughly $22.28 million. The exit signals a sharp defensive pivot amid rising macro and geopolitical
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Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.