Hayes buy 2,373 Ethereum for $4,150; Whales dey gather pass 1 million
BitMEX co-founder Arthur Hayes don buy back 2,373 Ethereum for average price of $4,150 using $10.5 million USDC, comot back im own wey e sell d same amount one week before. E talk for X say e no go dey take profit again. Dis buyback come after e warn say macro pressure fit drag Bitcoin go $100,000 and Ethereum come back to $3,000, plus e own crypto dump wey na $13 million wey happen same time with big Bitcoin and Ethereum ETF redemption. EmberCN on-chain data show say unknown whales and institutions don gather more than 1.035 million ETH (about $4.17 billion) since July 10. Dis wave of accumulation line up with 45% rally for Ethereum from around $2,600 to $4,000 within one month, powered by $792 million U.S. spot ETH ETF inflows and SEC decision say stETH no be security. Hayes quick comeback plus strong whale activity show say market confidence for Ethereum don renew. Traders suppose dey watch for continuing ETF flows and macro developments. If other big holders follow, Ethereum fit try reach new highs even with trade tension and credit growth wahala still dey.
Bullish
Arthur Hayes big buyback for $4,150 plus him talk say e no go dey take profit again show clear bullish sign for short term. Dis move, combined with some unknown whales and institutions wey don gather over 1 million ETH since July, plus strong spot ETH ETF inflows, mean say demand dey strong and price dey hold steady above $4,000.
But traders suppose still dey watch out for macro wahala wey still dey, like trade tensions and worry about credit growth, wey fit cause market shake. For long term, steady ETF flow plus institution dey involved fit support the price to continue to rise, make Ethereum fit reach new high levels. Overall, the net effect na bullish for Ethereum traders.