⚠️ BitMEX co-founder Arthur Hayes has sold his entire HYPE and NEAR positions, warning the market top could arrive between now and September. He cites three headwinds: rising energy prices from the Iran conflict, three major AI IPOs this summer that could drain liquidity, and the risk that Trump pivots against AI to court midterm voters. Full thesis in an upcoming essay titled "Reality Test." 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A high-profile macro trader publicly exiting alts and flagging a near-term top is a sentiment signal worth watching. The AI IPO liquidity drain thesis is plausible — large equity offerings historically pull capital from risk assets. The Iran-war energy angle adds a macro inflation overlay. This doesn't mean immediate capitulation, but it raises the bar for new alt longs into Q3. --source: https://x.com/WuBlockchain/status/2062446445652009050 Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))