CoinTelegraph
Arthur Hayes, co-founder of BitMEX and one of crypto's most closely watched macro traders, has reportedly liquidated his entire position, according to a wide-ranging interview published on YouTube. The move comes amid growing concern that capital rotating into AI-related equities is pulling liquidity away from Bitcoin and the broader digital asset market.
Why it matters
Hayes has a track record of calling major market turns, and a full exit — not a trim — is a signal the market will not ignore. The framing of the interview, titled "The AI Trade Is Killing Bitcoin," suggests his thesis is structural: that the current AI investment supercycle is competing directly with crypto for institutional and retail risk appetite, creating a sustained headwind rather than a temporary dip.
Market impact
A high-profile full liquidation from a macro-credible voice adds weight to the bearish case at a moment when sentiment is already fragile. Traders will be watching whether Hayes's move marks a local top or the beginning of a more extended de-risking cycle. The interview is available on YouTube for those who want the full reasoning before positioning.
Source: [The AI Trade Is Killing Bitcoin? Arthur Hayes Breaks It Down — YouTube](https://www.youtube.com/watch?v=EttFw0yYr-Y)
Frequently asked questions
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Why does Arthur Hayes think the AI trade is hurting Bitcoin?
Hayes argues that the AI investment supercycle is competing directly with crypto for institutional and retail risk appetite, pulling liquidity away from Bitcoin and digital assets rather than coexisting with them.
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Did Hayes sell partially or liquidate his entire crypto position?
According to the interview, Hayes sold everything — a full liquidation, not a partial trim or hedge, which is why the market is treating the move as a significant bearish signal.
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Where can investors watch the full Arthur Hayes interview?
The interview, titled 'The AI Trade Is Killing Bitcoin? Arthur Hayes Breaks It Down,' is published on YouTube and covers Hayes's full macro reasoning behind the exit.
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