Arthur Hayes, CIO of Maelstrom and co-founder of BitMEX, revealed that his fund trades altcoins primarily to generate profits for purchasing additional Bitcoin. He expressed disappointment with altcoins' performance in recent years but continues to focus on Bitcoin accumulation as the main goal. Hayes also highlighted ongoing DeFi protocols active since 2020, emphasizing projects with paying customers and token holder returns as indicators of profitability. This strategy underscores a cautious but Bitcoin-focused approach amid volatile altcoin markets.
Arthur Hayes and his fund's altcoin trading strategy provide context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 17, 2026 22:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include EOS at Rp12.649 with a 1-day change of +8.13% and a typical hold time of 87 days, FIL at Rp19.784 with a 1-day change of -5.78% and Pluang order activity of 21% Sell / 79% Buy, and ALGO at Rp2.004 with a 1-day change of -4.93% and Pluang order activity of 13% Sell / 87% Buy.
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