From Calling for $150 to Liquidating HYPE in Just Three Days, How Much Credibility Does Arthur Hayes Have Left?
Arthur Hayes, co-founder of BitMEX and a prominent crypto figure, is facing scrutiny over his market credibility. Recent on-chain data and public criticism, notably from detective ZachXBT, question whether he uses his influence to create exit liquidity for his followers. Hayes has executed several abrupt sell-offs, including publicly advocating for HYPE to reach $150 before completely selling his holdings just three days later, after which the price dropped sharply. He similarly promoted WLD with a $10 target, only to sell his entire position three days afterward, citing vague concerns about SpaceX's pre-IPO activity and causing a significant price decline. Hayes justifies these moves with detailed macroeconomic analyses, such as a recent essay citing energy costs and AI market risks, explaining his shift into energy stocks and core cryptocurrencies BTC and ETH. However, his pattern of bullish public statements followed by unannounced sell-offs—previously seen with tokens like ETHFI and ENA—has led many investors to adopt a strategy of ignoring his commentary but closely monitoring his on-chain actions for sell signals. Analysts warn that this "cry wolf" pattern risks eroding his market trust, with Hayes himself admitting in a recent article, "I remain an unapologetic gambler."
Odaily星球日报06/09 09:56
