Arthur Hayes trims Ethereum, rotates into beaten-down DeFi

Arthur Hayes reduced Ethereum exposure after depositing nearly 1,900 ETH to Binance over the past week, signalling continued selling. Hayes rotated into several DeFi tokens that are down 60%-80% this year, despite bearish retail sentiment. Ethereum remained below $3,000, while Hayes said his longer-term outlook for Bitcoin remains bullish into 2026.