Arthur Hayes liquidates altcoin holdings citing risks in AI sector liquidity and policy shifts ahead of major IPOs.
BitMEX co-founder Arthur Hayes has exited altcoin positions, including HYPE, NEAR, and Worldcoin, citing concerns over an impending peak in the AI trade. He noted that fiat liquidity has been absorbed by the AI sector rather than flowing into Bitcoin, despite his earlier macro forecasts.
Hayes highlighted three key risks for the AI narrative: rising energy costs, potential U.S. policy reversals, and liquidity strain from upcoming mega IPOs by Anthropic and OpenAI. He warned that a downturn in AI could drag Bitcoin lower alongside other assets.
The move reflects broader market caution as investors weigh the sustainability of AI-driven rallies amid macroeconomic uncertainties.