What Is Arthur Hayes Buying After ‘Rotating Out’ of Ethereum?
Arthur Hayes is back in focus because of where his money is moving.As Ethereum trades sideways near the key $3,000 level, the BitMEX co-founder has begun trimming his ETH exposure and rotating into decentralized finance tokens, a shift that’s catching attention across the crypto market. Hayes was open about it on X: “We are rotating out of and into high-quality DeFi names, which we believe can outperform as fiat liquidity improves.” Hayes Moves Millions Out of ETHOn-chain data shows that on December 19, Hayes transferred 508.647 ETH worth about $1.5 million to Galaxy Digital. Today, he moved another 680 ETH, valued at roughly $2.03 million, explicitly to sell and rotate into high-quality DeFi tokens, according to Lookonchain. Arthur Hayes() just transferred another 680 ($2.03M) to sell and rotate into high-quality DFi tokens. These transfers come at a sensitive moment for Ethereum. ETH has struggled to move decisively above resistance and is currently consolidating slightly below $3,000. Spot Ethereum ETFs are also suffering through 7 continous days of outflows, adding pressure. Market analysts say ETH needs to hold current levels to avoid a deeper pullback toward the $2,700-$2,800 zone, while a clean break above $3,200 could restore momentum.DeFi Rotation Takes ShapeLookonchain confirmed that Hayes recently bought 1.22 million ENA, showing active rotation into what he describes as “high-quality” DeFi assets. Arthur Hayes() just bought 1.22M ($257.5K) 30 mins ago. His view is that improving fiat liquidity may benefit DeFi tokens more than large-cap layer-one assets like Ethereum, especially if risk appetite remains strong. That stance has sparked debate, with some traders pointing out DeFi’s higher volatility during liquidity shifts.Just a Short-Term Strategy?Despite the selling, Hayes’ long-term view on Ethereum is unlikely to change as he has often defended its potential. This is also why the announcement came as a surprise to many. Couple weeks ago u said was going to 12k For now, the market response has been measured. Derivatives volatility remains muted, suggesting caution rather than panic.