Ethereum surges to $4,200! Arthur Hayes vows: I will never take profit again.

Arthur Hayes sold and then bought ETH within a week, publicly mocking himself. (Background: Arthur Hayes sold $13.35 million worth of cryptocurrency: Bitcoin will test $100,000, Ethereum will drop to $3,000) (Additional context: Arthur Hayes' latest prediction: Bitcoin $250,000, Ethereum $10,000, by the end of the year) In the cryptocurrency world, dramatic turnarounds happen every day, but BitMEX co-founder Arthur Hayes' recent 'sell and then kneel back' still managed to steal the spotlight. In early August, he sold $13.34 million worth of crypto assets, claiming the risks were too high. Today, he shouted on the X platform that he wants to buy back Ethereum, also making a vow to Tom Lee: 'I have to buy it all back, Tom Lee will you forgive me? I swear I will never take profits again.' A quick self-contradiction in just one week has lifted Ethereum sentiment to a high point. Had to buy it all back, do you forgive me @fundstrat? I pinky swear, I'll never take profit again. pic.twitter.com/jRWfaCEPE6 — Arthur Hayes (@CryptoHayes) August 9, 2025 8/2: Big liquidation to avoid the spotlight On the 2nd of this month, Arthur Hayes dumped 2,373 ETH, 7.76 million ENA, and 38.8 billion PEPE on-chain, converting them into USDC, which inflated his stablecoin position to about $27.9 million. He explained his concerns for selling: the U.S.-China tariff war reigniting, only 73,000 non-farm jobs added, and global credit weakness. 'Bitcoin will test $100,000, Ethereum will test $3,000,' Hayes said with a noticeably cautious tone at the time. 8/9 Public confession and rapid repurchase Less than seven days later, the same account announced the repurchase of ETH. The reason was not given, but the market had already responded with a slap in the face. 24 hours after the sale, Ethereum fell below $3,600 and then bounced back to $4,000, while Bitcoin stabilized around $115,000. Short on futures, long on spot, both scripts played out together. Hayes did not waver in his long-term belief. According to (Ainvest), he still calls for 'Bitcoin to reach $250,000 and Ethereum $10,000 by the end of 2025' and even 'Bitcoin looking at a million by 2028.' His logic revolves around the potential for the U.S. to print another $9 trillion to rescue the economy, institutional adoption increasing demand, and miners' selling pressure gradually diminishing. Continuous depreciation of fiat currency has led crypto assets to be viewed as 'new gold' in macro allocation, which gives him the confidence to shout for sky-high prices. Related Reports Arthur Hayes (the pricing relationship of stablecoins) Full article: Stop buying Circle stock, go long on Bitcoin. Arthur Hayes: Bitcoin weakness is 'only temporary,' the Fed will soon start the printing press. "Ethereum surges to $4,200! Arthur Hayes vows: I will never take profit again." This article was first published on BlockTempo (the most influential blockchain news media).