Co-founder of BitMEX, Arthur Hayes, made a significant Ethereum purchase, spending $10.5 million in USDC stablecoins. This transaction is confirmed by on-chain data and his Twitter post.
Repurchase of Ethereum
Arthur Hayes bought Ethereum at a price above $4,150, spending $10.5 million USDC. This event is particularly notable as it represents a reversal from his recent sale of 2,373 ETH for $8.32 million just one week prior.
Market Influence
Hayes' purchase triggers significant market discussions, generating expectations for potential price changes in Ethereum. Investors and analysts are closely monitoring such moves, as they may serve as indicators for future market trends.
Expert Opinion
According to experts, the actions of well-known traders like Hayes can have a significant impact on the market. "Had to buy it all back, do you forgive me?" Hayes humorously noted, alluding to the possible implications of his investments for the crypto market.
Arthur Hayes's repurchase of Ethereum for $10.5 million reinforces his confidence in the cryptocurrency's prospects and affects the overall market sentiment, awaiting the consequences of this significant financial move.
