Arthur Hayes rebuys $10.5M in Ethereum after sell-off, signaling renewed confidence and potential bullish momentum within the unstable crypto market.
BitMEX co-founder Arthur Hayes has returned to the Ethereum market with a daring transfer. On August 9, 2025, he bought $10.5 million price of ETH. This got here only a week after promoting 2,373 ETH for $8.32 million. The transfer has attracted debate inside the crypto neighborhood, and this exhibits that he’s assured within the Ethereum worth rally as soon as once more.
Arthur Hayes Dumps $13M Crypto, Reenters ETH at $4,150
Hayes bought his ETH on August 2 at roughly $3,507 per token. He pointed at macro dangers comparable to poor U.S. employment figures and imminent tariffs. The sale was one in every of a $13.35 million crypto dump. This was additionally comprised of seven.76 million Ethena (ENA) tokens valued at 4.62 million {dollars} in addition to 38.86 billion Pepe (PEPE) tokens valued at 414,700 {dollars}.
Hayes on the time cautioned that Bitcoin would collapse to 100,000 and Ethereum to three,000. His remarks adopted Ethereum dropping over 5 p.c in 24 hours. The market was experiencing 812 million {dollars} of Bitcoin ETF redemptions and large Ethereum ETF redemptions. His sentiment was in keeping with the conservative temper amongst merchants and analysts.
Nonetheless, Ethereum promptly recovered strongly. The value went up by 45% within the month to achieve over $4200. U.S. spot ETH ETF inflows have been to the tune of $791.89 million in assist of this rally. The choice of the SEC that stETH will not be a safety additionally enhanced it. The restoration modified the temper available in the market that was beforehand fearful.
Hayes modified his thoughts on this, seeing the impetus. On-chain data revealed that he bought ETH at greater than $4,150 utilizing a complete of $10.5 million price of USDC. That is in comparison with his decrease preliminary promoting worth. Hayes wrote in a playful X submit, “I had to purchase all of it once more, do you forgive me? I pinky promise, I’ll by no means revenue once more, tagging Tom Lee of Fundstrat.
Associated Studying: Hayes Units Daring 2025 Targets: Bitcoin $250K, Ethereum $10K
Arthur Hayes Flips Bullish, ETH Tops $4,180
Hayes’ change of coronary heart highlights his strategic strategy to volatility. His first sell-off was to hedge in opposition to short-term threat. The truth that he re-enters shortly demonstrates that he believes in higher long-term prospects. He confirmed malleability in adapting to the altering market alerts by being decisive.
In line with CoinMarketCap, Ethereum is presently buying and selling at $4,233, up 4% on the day. There was a constructive response amongst merchants who’ve termed the transfer by Hayes as a whale sign for extra features. The extent of institutional curiosity remains to be excessive, and the entire gathered quantity of ETH is now at 4.17 billion since July. This is a sign that enormous gamers imagine in Ethereum as a long-term asset.
Nonetheless, analysts warning that volatility stays an element. Costs could also be influenced by macroeconomic uncertainties comparable to world commerce tensions and considerations over credit score progress. The actions of Hayes can affect the opposite whales to do the identical. In case that happens, Ethereum may be able to check new highs within the weeks forward.
In brief, the buyback of Arthur Hayes signifies the belief in Ethereum’s energy amid present market fluctuation. His exercise demonstrates the ability of merchants to create sentiment and momentum. This can be the start of a brand new bullish interval or just one other flip of the market.