Arthur Hayes Dives Deeper into Ethereum as Price Slides
Arthur Hayes expanded his Ethereum position with a $6.39 million buy just hours before ETH price tumbled. His total accumulation now stands at 7,213 ETH, valued at $13.87 million, leaving him underwater. This move comes amidst broader market pullback and Federal Reserve policy anticipation.
Arthur Hayes executed another significant Ethereum purchase, adding 3,298 ETH worth $6.39 million to his portfolio. This substantial on-chain flow hit just hours before Ether's spot price slid from $1,960 to $1,872. The latest acquisition extends a buying spree initiated July 15, bringing his total accumulation to 7,213 ETH. Hayes has now deployed $13.87 million at an average entry of $1,923, placing him roughly $368,000 underwater on the position. This aggressive accumulation, tracked via OTC transfers to Galaxy Digital, FalconX, and Cumberland, follows a prior ETH exit at a loss in late June. Hayes re-entered as Ether recovered above $1,750, aligning with a broader institutional narrative for Ethereum's long-term build-out. The recent ETH price slide mirrors a wider crypto market pullback, with traders keenly watching the Federal Reserve's policy meeting for interest rate signals. The immediate question for Ether is whether it can reclaim the critical $1,900 level lost in the selloff.