Bitmex co-founder and bitcoin billionaire Arthur Hayes bought back to the Atherium exactly a week after selling a large installment.
Onchen data Show The Hayes removed 2,373 ether (eth), priced at around $ 8.32 million when the token was trading near $ 3,507. Sales, which took place about a week ago, was closed in profit before the latest rally of Ether.
In a reversal, the Crypto analyst on Saturday covered a distance of $ 10.5 million in the USDC (USDC) in several transactions, directed to buy stabex towards buying ETH at prices above $ 4,150, which was much higher than the first exhaust point.
“It all had to buy back, do you forgive me @fundstrat?” He wrote on X, tagging Tom Lee, co-founder and head of research in FS Insight by Fundstrat. He said, “I swear Pinky, I will not benefit again.”
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Hayes warns of crypto drop
Last week, Hayes, who is the chief investment officer of Maelstrom Fund, warned that the growing macroeconomic pressure can pull the bitcoin (BTC) back to $ 100,000.
The weak July non-form payroll report cited the fears of fresh tariffs, which showed only 73,000 new American jobs, Hes said that dull credit growth in major economies may lead to nominal GDP and push bitcoin and ether towards $ 100,000 and $ 3,000 respectively.
In anticipation, Hayes sold a crypto of over $ 13 million, including $ 8.32 million in Eth, $ 4.62 million in Eethena (ENA) and $ 414,700 in PEPE (PEPE).
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Institutions scoop $ 4.17 billion in ETH
Since July 10, more than 1.035 million ETH, priced at around 4.17 billion dollars, has been accumulated by exchanges and an unknown whales and a group of institutions through institutional trading platforms, According For data accumulated by EMBERCN.
Activity buying an increase with a strong price rally of atherium, climbing from $ 2,600 to $ 4,000 within the month, an increase of 45%.
EMBERCN stated that most of the ETHs made from these addresses are likely to create age reserves by institutions or American public companies, except for institutions such as SBET, whose addresses are publicly known. The average acquisition price for these holdings is estimated to be around $ 3,546.
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