Arthur Hayes has sold about $22.28 million in crypto from Maelstrom’s directional book. Hayes, the family office’s chief investment officer, confirmed the exit on X and plans to sit out the market.

The post is a shift from his tone earlier this month. On October 15, Hayes urged traders to go long Bitcoin (BTC) and Ethereum (ETH) and trade an eventual bailout.

What Arthur Hayes Sold, and Why He Says He Left

Lookonchain data shows his biggest sale was 6,400 ETH, worth $15.2 million. Hayes also sold 14 million Ethena (ENA) for $2.76 million and 323,000 Uniswap (UNI) for $2.24 million.

Smaller sales included 1.89 million Ether.fi (ETHFI) and stakes in Aerodrome…