Arthur Hayes, co-founder of Maelstrom and former BitMEX CEO, disclosed on October 24 that he liquidated the fund's directional trading positions citing macro risks. The exit included taking profits on Ethereum (ETH), Ethena (ENA), and Uniswap (UNI). The move came just nine days after Hayes publicly stated he held long positions in Bitcoin and Ether, signaling a rapid shift in market outlook amid growing macroeconomic concerns.