Arthur Hayes, co-founder of BitMEX, announced on December 20 that he is reallocating his investments from Ethereum (ETH) to high-quality decentralized finance (DeFi) projects. Hayes expressed confidence that these DeFi projects have the potential to outperform the market amid improving fiat liquidity conditions. This strategic move has captured the attention of traders, who are closely monitoring its impact on the DeFi market capitalization. The long-term implications of Hayes' investment shift remain uncertain.