Arthur Hayes Executes $10.5 Million ETH Market Reentry Strategy

Arthur Hayes, former CEO of BitMEX, has engaged in a significant market reentry strategy with Ethereum. He recently sold 2,373 ETH for approximately $8.32 million before purchasing USDC worth $10.5 million just hours later. This two-part transaction, characterized by strategic timing and large volumes, has sparked considerable market discussion about its potential influence on Ethereum’s short-term liquidity and price fluctuations.