Arthur Hayes

Bitmex co-founder and Bitcoin billionaire Arthur Hayes returned to Ethereum just a week after selling its big big money.

OnChain Data show Hayes uninstalled 2,373 Ether(eth) At the time, it was worth about $8.32 million, and the token transaction price was close to $3,507. The sales that happened about a week ago were locked before the latest Ether rally.

In the reversal, crypto analysts raised $10.5 million in USDC (USDC) In multiple transactions conducted on Saturday, the stablecoin targeted ETH for more than $4,150, which is significantly higher than his early export point.

“Have to buy all of them, will you forgive me @fundstrat?” he wrote on X, Tom Lee, co-founder and head of research at FS Insight, which tagged FundStrat. He added: “I swear, I will never make a profit again.”

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Hayes warns cryptocurrency

Last week, Hayes, chief investment officer at Maelstrom Fund Warn of macroeconomic pressure on installation Can bitcoinBTC) Back to $100,000.

Hayes, citing a weaker non-agricultural wage report in July, filed an updated tariff that showed only 73,000 new U.S. jobs, said slow credit growth in major economies could drop to nominal GDP and push bitcoin and ETHER to $100,000 and $3,000, respectively.

Expected to sell over $13 million worth of cryptocurrencies, including $8.32 million in ETH and $4.62 million in Ethena (this) and $414,700 pepe(Pepe).

Related: Ether price rises for the first time since December 2024 $4K

Institutions snap up $4.17 billion on ETH

Since July 10, an unknown group of whales and institutions have accumulated more than 1.035 million ETH through exchanges and institutional trading platforms (a group of unknown whales and institutions), worth approximately $4.17 billion, and accumulated $4.17 billion. according to Data accumulated by Embercn.

The surge in buying activity coincided with strong price rally in Ethereum, rising 45% from $2,600 to $4,000 in a month.