Arthur Hayes Reverses Course, Buys Back Ethereum & Altcoins After Predicting Market Drop

BitMEX co-founder Arthur Hayes’s prediction of a market downturn took an unexpected turn. While he previously sold off substantial amounts of ETH and other assets in anticipation of a price slide, the opposite happened: ETH surged past $4,200, prompting Hayes to buy back all his previous sales. This strategic move follows Hayes’s earlier predictions that Bitcoin could fall to $100,000, further impacting his investment portfolio.