Full breakdown with a chart of what he sold: https://holywizy.com/blog/arthur-hayes-sells-22-million-crypto-bitcoin-below-81k/

Quick summary: Hayes says Maelstrom closed all directional positions. Lookonchain estimates about $22.3M sold, with ETH by far the biggest chunk. He says macro and geopolitics look "a bit dicey", that the market may need to go down to go up, and that he'll sit on the sidelines for now.

Only nine days ago he said he was long BTC and ETH.

At the same time, BTC is hovering around $81K, and Bitcoin ETFs saw about $635M of outflows on Oct 22 alone.

Do you think he's right this time, or is this a classic Hayes flip before a bounce?