Arthur Hayes, co-founder of Crypto Exchange Bitmex, seems to have reversed the course on a major ether (Eth) Trade just days after the warning of the market.
Last week, Arkham Intelligence’s data showed that Hayes had sold 2,373 ETH worth around $ 8.32 million when the second largest cryptocurrency was negotiated nearly $ 3,500 and moved to Stablecoins.
This weekend, however, he seems to have a change of heart.
A few hours ago, the data identified for the first time by Lookonchain showed that a address linked to Hayes left $ 10.5 million in USDC to buy ether, with the price of the cryptocurrency which now oscillates about $ 4,200.
This decision comes after Hayes liquidated more than $ 13 million in crypto holdings last week, including Ethena
and token even pepe.
At the time, he cited American prices and weaker than expected job data, because the winds -contrary winds, predicting that bitcoin could test $ 100,000 and ether could review $ 3,000.
However, the rapid redemption of Hayes suggests that it could see renewed upwards in the ether. Hayes apparently confirmed the acquisition of ETH in an article on X, claiming that it “had to buy everything” while sharing a table of ether prices.
