Arthur Hayes Buys Back Ether After Selling $8.3 Million Holdings
Arthur Hayes, co-founder of BitMEX, recently sold 2,373 ETH for approximately $8.32 million when ETH was near $3,500. He later shifted to stablecoins after expressing concerns about market downturns due to U.S. tariffs and economic data.
- Hayes liquidated over $13 million in crypto holdings last week, including positions in ENA and PEPE.
- He predicted potential declines, with bitcoin testing $100,000 and ether possibly dropping to $3,000.
- However, he reversed this stance, moving $10.5 million in USDC to reinvest in ether, now priced around $4,200.
- Hayes confirmed the buyback on X, stating he "had to buy it all back" alongside an ether price chart.