BitMEX co-founder Arthur Hayes has completely liquidated his positions in Hyperliquid (HYPE) and Near Protocol (NEAR), marking a sharp about-face from his recent bullish forecasts.
The sell-off, announced via social media, reverses predictions made just days earlier. On May 30, Hayes forecasted HYPE could soar to $150, and previously touted NEAR as a fundamentals-driven asset with strong potential. Now, he indicates profit-taking is appropriate ahead of an expected market peak between now and September.
Hayes cited several converging factors for his decision. Rising energy prices due to a potential resumption of conflict in Iran, a wave of large-scale AI company IPOs expected through early Q3, and a prediction that U.S. President Donald Trump will adopt a hostile stance toward AI to secure a Republican election victory all contributed to a more cautious short-term outlook.
The prominent investor stated he will publish a detailed essay next Tuesday explaining the reasoning in full. Market analysts note that his pivot could influence other traders who follow his commentary, introducing additional uncertainty for HYPE and NEAR holders.
