Arthur Hayes Bets Even Bigger on Ethereum as $4K Calls Grow Louder

The co-founder of BitMEX, which recently announced its upcoming closure, continues with his substantial Ethereum purchases as the asset has suddenly become a fan favorite. ETH has gained momentum over the past few weeks, trading close to $2,000 for the first time in months.

Naturally, big price predictions have started to reemerge. Hayes Adds More Arthur Hayes has demonstrated a slightly controversial behavior toward the largest altcoin in the past month or so.

As reported just a few weeks ago, he disposed of his entire stash for more than $10 million at average prices of under $1,700. The problem was that he accumulated this fortune at prices of over $1,900.

Once the cryptocurrency rebounded and flew past $1,900 later in the month, Hayes started to reaccumulate. Data from Lookonchain shows that he has spent roughly $7.5 million since July 15 to purchase a total of 3,915 ETH.