Arthur Hayes' Maelstrom fund closes all crypto positions and goes to sidelines, citing macroeconomic and geopolitical uncertainty.
Macro & Markets ·
Arthur Hayes has liquidated all directional positions held by his Maelstrom fund and locked in profits across several crypto assets, according to his statement. The positions closed included holdings in ETH, ENA, UNI, and other tokens. Hayes cited macroeconomic and geopolitical uncertainty as the driver for the move, signaling the fund will remain sidelined until market conditions clarify.
Hayes expressed a bearish near-term outlook, suggesting the market must decline before it can experience sustained growth. The decision reflects a pullback from active directional trading to a waiting posture. Hayes indicated he is awaiting an "all clear signal" before re-entering the market.
The exact timing of the liquidations and the current size of capital sitting idle in Maelstrom remain unspecified. It is also unclear what specific macro or geopolitical developments Hayes views as necessary preconditions for repositioning.