Arthur Hayes got caught off guard in Ethereum, bought back what he sold. BitMEX founder Arthur Hayes made a buyback worth $10.5 million after selling 2,373 ETH for $8.3 million last week, following a price increase. In a humorous post on social media, Hayes said, 'I will never take profits again.'
A week ago, Arthur Hayes sold 2,373 ETH from his portfolio for $8.3 million and had to buy back at a higher price due to ETH's increase.
The famous trader and founder of BitMEX sent $10.5 million USDC to Binance and different addresses to purchase ETH today. Sharing this situation on his personal X account, Hayes tagged Tom Lee, the chairman of BitMine, a company that has made billion-dollar ETH purchases in recent weeks, humorously writing, 'I had to buy it all back, will you forgive me? I promise, I will never take profits again.'
Hayes had sold ETH, ENA, and PEPE from his portfolio with the expectation that Bitcoin would drop to $100,000 and Ether to $3,000 in the short term. At the beginning of July, he mentioned that they exited altcoins due to anticipated liquidity tightening, but later changed his mind and stated they transitioned to purchasing altcoins.
Every analysis and sharing is a complete failure. He doesn't even know what he's doing.