Arthur Hayes, who leads investment strategy at family office Maelstrom Fund, disclosed today he has liquidated his entire positions in Hyperliquid (HYPE) and NEAR Protocol (NEAR).
He said a full explanation would come in an essay called “Reality Test” set to drop next Tuesday.
According to the crypto analyst, several macro and political factors will shape the next phase of the cycle, including rising energy prices, a series of high-profile AI IPOs, and a potential shift toward anti-AI rhetoric from President Trump ahead of the midterm.
Hayes expects market highs to occur between now and September, prompting him to realize gains and reduce risk, he said.
HYPE changed hands at around $67 at press time, down 8% after the BitMEX founder revealed his move, per CoinGecko. The digital asset hit a new all-time high above $75 earlier this week amid growing institutional interest.
