Arthur Hayes’ $ETH Buyback Move Raises Eyebrows
Arthur Hayes sells $ETH at $3,507, then buys back at a higher price with $10.5M USDC. Traders question his strategy.
- Hayes sold $8.32M in ETH a week ago at $3,507.
- He later moved $10.5M USDC to repurchase ETH.
- Move sparks debate over timing and strategy.
Arthur Hayes, co-founder of BitMEX and a well-known figure in the crypto space, made an intriguing trading move this week. Just a week ago, Hayes sold 2,373 ETH worth about $8.32 million when the price hovered near $3,507. Many saw this as a smart move to take profits amid market uncertainty.
However, in a twist that caught traders’ attention, Hayes transferred $10.5 million in USDC just four hours ago—presumably to buy back ETH at a higher price. This reversal has sparked discussions about whether it’s a tactical long-term play or a mistimed re-entry.
Timing the Market or Following a Plan?
Crypto traders often preach the difficulty of timing the market, and Hayes’ move underscores that challenge. While selling before a potential dip can be wise, buying back at a higher price is usually seen as counterintuitive. Some speculate Hayes may have inside confidence about ETH’s near-term momentum, perhaps driven by upcoming Ethereum network upgrades or broader bullish sentiment in the market.
Others believe his move reflects a dollar-cost averaging approach on a larger scale—locking in gains earlier, then redeploying more capital when market conviction strengthens.
Community Reaction
Social media platforms like X (formerly Twitter) lit up with reactions. Some praised Hayes for acting decisively, suggesting that his bullish stance could signal confidence in ETH’s future trajectory. Others criticized the decision, questioning why he didn’t re-enter during lower price windows in the past week.
Regardless of the speculation, one thing is certain: when a high-profile trader like Arthur Hayes makes such moves, the crypto community watches closely. His buyback could either be seen as a bold masterstroke or a costly misstep—depending on where ETH heads next.
Read Also :
- Ethereum Price Breakout Targets $4,811 Before $8,550 Push
- Altcoin/BTC Breakout Sparks Altseason Hopes
- Bitcoin’s Role in Technological Disruption
- Bitcoin Bull Flag Signals Possible Price Rally
- Steak n’ Shake Bitcoin Payments Boost Sales 10%
