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BitMEX co-founder Arthur Hayes sold around $8 million worth of Ethereum (ETH) last week, predicting the price would drop to as low as $3,000. 
However, contrary to his expectations, ETH rose to $4,200. Hayes then announced that he would reverse all his sales and give up profit-taking.
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According to data from on-chain analyst Ember, Hayes transferred 14.8 million USDC to exchanges and institutional platforms. In the last two hours, he amassed a total of $6.85 million worth of assets: 1,250 ETH ($5.29 million), 424,000 LDO ($550,000), 420,000 ETHFI ($510,000), and 92,000 PENDLÜç DiE ($500,000). 
Related News: <a href="https://en.bitcoinsistemi.com/unexpected-altcoin-makes-a-new-surge-in-the-last-24-hours-heres-why-its-rising/" target="_blank" rel="dofollow">Unexpected Altcoin Makes a New Surge in the Last 24 Hours: Here's Why It's Rising</a> 
On August 2, Hayes predicted that Bitcoin could fall to $100,000 and Ethereum to $3,000, so he sold the ETH and ecosystem tokens ENA, AAVE, LDO, ETHFI, and PEPE he had purchased in July. He sold ETH at an average price of $3,506. 
BitMEX founder Arthur Hayes was once convicted of failing to comply with anti-money laundering regulations in the US. However, Hayes was recently pardoned by US President Donald Trump. 
*This is not investment advice.  
 Continue Reading: <a href="https://en.bitcoinsistemi.com/arthur-hayes-did-a-u-turn-he-bought-back-all-the-eth-he-sold-and-three-other-altcoins/">Arthur Hayes Did a U-Turn: He Bought Back All the ETH He Sold and Three Other Altcoins</a>

Arthur Hayes Did a U-Turn: He Bought Back All the ETH He Sold and Three Other Altcoins

Bitcoin Sistemi EN

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