Arthur Hayes, one of the important names in the crypto money market, attracted attention with its recent sale of Ether (ETH). According to the data obtained from Bitmex, Hayes has recently disposed of 2,373 ETH, worth 8.32 million dollars. Ethereum $4,215.81 Hayes miss a significant opportunity because its price is at the level of $ 3,500. This move came with warnings about a decline in the markets. What does Hayes’ crypto currency strategy tell us?
Hayes’ crypto currency strategy
As of the weekend, Hayes has made a change in this sales decision. According to the data on the On-Chain Analysis Platforms, a USDC value of 10.5 million dollars was transferred from a wallet associated with Hayes and repetitive recruitment was made. During the purchase period, it was observed that the price of Ethereum rose to $ 4,200.
Last week, Hayes also sold various crypto assets exceeding $ 13 million. In this portfolio, there were also tokens such as ENA and Pepe. While making these sales decisions of Hayes, the tariffs in the United States and the negative effects of the employment data that was lower than expected could have on the crypto market.
Arthur Hayes, in a statement earlier, “Bitcoin 
$118,440.21‘s can test 100 thousand dollars, Ethereum can return to 3 thousand dollars again, “predicted.
Such findings strengthened the expectation of correction in the market among some investors in the market. However, Hayes’s quick recovery of the purchase decision shows a short -term change in his personal strategy.
The recent rise of Ethereum is closely monitored by experts. Some analysts believe that existing price movements may be linked to corporate interest and technological developments.
Effects of the Re -purchase decision
Hayes, in his share on social media, announced his new purchase to the public about Ethereum. Arthur Hayes, “I had to take them back all,” using the phrase, a Ethereum price chart shared. He also apologized to Fundstrat here.
This statement pointed out that his position on the crypto asset he is an investor has changed.
These rapid purchase and sale decisions in crypto currency markets have once again demonstrated that the market’s volatil structure and that investors could change strategy according to the fluctuating market conditions. Hayes’s operations reveal how quickly changes in the decisions of the big players in the crypto market.
Experts say that similar moves can be followed by others in the short term, but market movements are progressing depending on a large number of factors. Hayes’s sudden sales and subsequent purchases is considered as a development that reveals the unpredictability of the market. In other words, investors have a high potential to copy and damage the processes of names in front of the eye, such as Hayes. 700 dollars expensive Ether assets at this point is a good example.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
