Ethereum News Today: Arthur Hayes Re-Enters Ethereum Market as Price Surpasses $4,000

Generated by AI AgentCoin World
Sunday, Aug 10, 2025 4:21 am ET1min read
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Aime RobotAime Summary

- Arthur Hayes, ex-BitMEX co-founder, repurchased $10.5M in ETH at $4,150+, marking Ethereum’s first $4,000+ price since December 2024 after previously selling 2,373 ETH for $8.32M.

- His humorous X posts addressing analyst Tom Lee and vowing to “never take profit again” sparked mixed reactions, with some viewing his move as emotionally driven or strategically bullish.

- Despite earlier bearish warnings (citing weak U.S. jobs data and liquidating $13M in assets), institutional buying—$4.17B in ETH accumulated since July—drove a 45% price surge to $4,000+.

- Hayes’s rapid shift from bearish to bullish positioning highlights crypto’s volatility and the tension between macroeconomic risks and institutional-driven optimism.

Arthur Hayes, co-founder of the now-defunct BitMEX exchange and current Chief Investment Officer of the Maelstrom Fund, has made a notable return to the

Ethereum
market following a sharp price rally. Just one week after selling 2,373 ETH for approximately $8.32 million at an average price of $3,507, Hayes repurchased Ether using $10.5 million in
USDC
, securing the coins at a price above $4,150 per token. This marked Ethereum’s first time surpassing $4,000 since December 2024 [1].

Hayes’s actions have generated significant discussion within the crypto community. On X (formerly Twitter), he humorously addressed Fundstrat analyst Tom Lee, writing, “I had to buy it all back, will you forgive me?” and followed with, “I pinky swear, I will never take profit again,” adding a series of emojis for emphasis [1]. While some interpret his return as a calculated move to ride the bullish wave, others view it as an emotional decision influenced by market momentum.

This turnaround comes shortly after Hayes had expressed caution about a potential market correction. He cited a weak U.S. jobs report showing just 73,000 new hires and slowing credit growth in major economies, warning that such conditions could push Ethereum down to around $3,000 and

Bitcoin
to $100,000. Around that time, he also liquidated over $13 million in assets, including Ethena (ENA) and Pepe (PEPE) [1].

Despite these bearish signals, institutional buying pressure has continued to support Ethereum’s price. According to data from EmberCN, over 1.035 million ETH—worth $4.17 billion—has been accumulated since July 10, primarily by institutional and large American entities at an average price of $3,546 [1]. This has contributed to a 45% increase in Ethereum’s price over the past month, from $2,600 to over $4,000.

Hayes’s return to the market highlights the volatile and often unpredictable nature of cryptocurrency trading. His rapid shift from bearish to bullish positioning reflects the tension between macroeconomic concerns and the optimism fueled by strong capital inflows and institutional interest. While his move could become risky if macroeconomic conditions deteriorate, it also shows a willingness to engage with the market’s momentum in a strategic and, at times, self-deprecating manner.

Source: [1] Ethereum Tops $4K As Hayes Reloads (https://www.cointribune.com/en/ethereum-tops-4k-as-hayes-reloads/)