Key Highlights:
- According to Arthur Haye, crypto liquidity hit rock bottom in November 2025, which is recovering now and hinting towards a major bull run.
- Hayes has sold 1,871 ETH in a span of two weeks to buy PENDLE, LDO, ENA, and ETHFI.
- Hayes thinks that DeFi tokens are positioned to lead altcoin rallies as fiat liquidity increases.
Arthur Hayes posted on social media platform X today, December 31, 2025, and stated that the crypto market liquidity likely hit its lowest point in November 2025 and it is now steadily and gradually recovering. According to him, this moment right now indicates a start of a long-term upward movement for digital assets as a whole.
$ liq likely bottomed in Nov and is inching higher. It’s time for crypto to pump up the jam. pic.twitter.com/XANf5xqEuo
— Arthur Hayes (@CryptoHayes) December 31, 2025
Moreover, the Federal Reserve pausing quantitative tightening, along with early signs of quantitative easing through Treasury market support, creates strong conditions for traditional money to move into risky, high-reward areas like crypto.
Hayes has also highlighted many big-picture signals that support his current view point. According to him, Bitcoin holding above the $80,000 support level during the liquidity squeeze, which he earlier described as the cycle’s short-term bottom, increasing US Treasury debt issuance, and improving global bank lending reserves since late November.
Record DeFi Token Haul Post-ETH Liquidation
According to on-chain analysis by Lookonchain, in the past two weeks, Arthur Hayes sold 1,871 ETH worth about $5.53 million and used that money to build a huge DeFi portfolio. His purchases include PENDLE, LDO, ENA and ETHFI.
He has purchased 961,113 PENDLE worth $1.75 million, 2.3 million LDO worth $1.29 million, 6.05 million ENA worth $1.24 million, and 491,401 ETHFI worth $343,000.
Arthur Hayes(@CryptoHayes) just bought more DeFi tokens.
Over the past 2 weeks, he sold 1,871 $ETH($5.53M) and then bought:
961,113 $PENDLE($1.75M)
2.3M $LDO($1.29M)
6.05M $ENA($1.24M)
491,401 $ETHFI($343K)https://t.co/loeYKUb9rN pic.twitter.com/xTxyx34SXk— Lookonchain (@lookonchain) December 31, 2025
This buying activity has come after he put out a statement on X stating that he is shifting his funds from Ethereum and into top DeFi projects. He expects these DeFi projects to outperform as market liquidity returns.
PENDLE allows users to trade future yields, LDO frees up staked ETH for use, ENA brings data-driven prediction elements, and ETHFI helps maximize restaking rewards, making all four well positioned for strong growth during a high-liquidity market phase.
Macro Catalysts Align for DeFi Supremacy
Hayes’ moves lines up with US GDP data released on December 23 showing 4.3% economic growth and core inflation at 2.6%, which lowers the chances of interest rate hikes and opens the door for the Fed to expand its balance sheet.
DeFi platforms usually perform well in these conditions, attracting money into automated, yield-generating strategies instead of passive options like holding spot ETH.
Hayes’ strategy, leaving overcrowded trades early and moving into high-upside opportunities, set these assets up for potential 5-10x gains as flexible blockchain systems combine with plenty of available capital.
2026 Roadmap: Bull Run Catalysts and Tactics
According to Hayes, Bitcoin will be the first token that will reach new record highs, after which altcoins that are focused on DeFi will take the lead as Bitcoin’s market share falls and ETF inflow rises, helped by global tensions pushing easier monetary policy.
Trump’s crypto-friendly approach, higher defense spending, and growing government debt are expected to fuel this long-term market cycle. Key things to watch include Federal Reserve H.4.1 reports for signs of liquidity, rising on-chain DEX trading activity, and new spot ETF inflows that show big investors rushing in.
His accurate $80,000 Bitcoin call highlights his market insight, and he suggests traders follow a similar approach by slowly accumulating strong DeFi projects during price dips, staying disciplined, and avoiding risky leverage.
In an environment flooded with fiat money, useful and limited-supply tokens like PENDLE, LDO, ENA, and ETHFI are likely to benefit the most, turning a liquidity rebound into wealth opportunities.
Also Read: Arthur Hayes Accelerates ETH Sell-Off Amid Strong US Economic Data
