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Hayes has turned hostile, just a few days ago he was calling out HYPE, now he has liquidated his position.
Arthur Hayes posted on social media—just liquidated all HYPE and NEAR positions. The detailed reasons will be explained in next Tuesday’s article "Reality Check," but he first provided a few core logic points:
The Iran war and inventory replenishment pushed energy prices higher; from now until early Q3, three major AI projects will IPO; predicts Trump will shift to oppose AI to help the Republican Party win the midterm elections; believes the market top will occur between now and September; it’s time to take profits.
This is quite intriguing—
On May 30th, calling "HYPE to $150," on May 31st, calling "HYPE should surpass SOL," and on June 4th, liquidating completely.
Four days ago, he was still bullish publicly, and today he’s out.
This is exactly the most dangerous part of KOL calling signals—when he’s bullish, you don’t know if he’s building a position or selling; when he tells you he’s liquidated, the price has often already run its course.
People following the calls chase the highs, the caller cashes out. Hayes has once again demonstrated this lesson.