Arthur Hayes Does It Again: Buys ETH High, Sells It Low
One of essentially the most recognizable and well-known figures within the cryptocurrency house has displayed a considerably controversial method to his Ethereum investments over the previous few months.
The most up-to-date information shared by Lookonchain doubled down on his sporadic method, as he had realized one other loss.
The analytics useful resource knowledgeable that the previous BitMEX CEO deposited almost 2,365 ETH into Cumberland and Galaxy Digital earlier at the moment, and obtained 4.3 million USDC in return.
According to the analysts, this meant that his promoting worth was at $1,821 given the asset’s retreat over the previous few days from a multi-month peak of $1,980.
Hayes secured a sizeable lack of $241,000 (or 5.3%) on this commerce as a result of he went on an accumulation spree throughout the aforementioned ascent from ETH. As beforehand reported, he purchased 7,213 ETH for $13.87 million at a median worth of $1,923.
Arthur Hayes(@CryptoHayes) purchased high and bought low once more!
Over the previous 2 hours, he deposited 2,364.38 $ETH into Cumberland and Galaxy Digital, receiving 4.3M $USDC in return.
His promoting worth was $1,821, leading to a lack of $241K (-5.3%).
He had beforehand purchased 7,213… pic.twitter.com/4AVZpjANZD
— Lookonchain (@lookonchain) August 1, 2026
What’s fascinating right here is that this isn’t the primary time Hayes has misplaced on ETH by shopping for high solely to promote low weeks later. His earlier main ETH commerce was a number of weeks in the past, when he accumulated at costs effectively over $1,900 once more after the token jumped to $1,950.
Once it began to nosedive, although, Hayes was fast to dump his stash at a median worth of beneath $1,700. Thus, he incurred one other main loss in simply weeks, whereas ETH’s worth rebounded shortly after.
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