In early August 2025, BitMEX co-founder Arthur Hayes attracted the attention of the crypto community with his controversial trade. He sold 2,373 ethers at a rate of $3,500, receiving $8.32 million, predicting a price drop to $3,000. However, the market went in the opposite direction: the price of ether soared to $4,332, forcing Hayes to rethink his strategy. On Saturday, he repurchased $ETH for $10.5 million at a rate of about $4,000, losing 14% compared to the previous trade.
This situation sparked discussions among traders. Hayes acknowledged his mistake, joking that he would no longer rush to lock in profits. Some experts consider his decision bold, as ether could rise to $20,000, as predicted by trader Merlijn The Trader. Others see it as an example of flexibility: Hayes adapted to market conditions, avoiding emotional losses.
This case underscores the high volatility of the crypto market and the importance of accurate forecasts. Although Hayes experienced temporary losses, his actions may pay off if the market continues to rise. This also serves as a reminder of the risks of speculative trades, even for experienced players.
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