Ethereum News Today: Arthur Hayes Loses $1.7M as Ethereum Rebuy Backfires

Arthur Hayes, co-founder of the now-defunct cryptocurrency exchange BitMEX, found himself on the losing side of a high-stakes Ethereum trade in late July 2025. On-chain data revealed that Hayes had recently moved 10.5 million USDC from one of his wallets to repurchase Ethereum at $4,225 per ETH, marking a return to the asset after having sold 2,373 ETH for approximately $8.32 million the previous week when the price was around $3,507 [1]. The timing of this rebuy resulted in a direct financial loss, with estimates suggesting he missed out on approximately $1.70 million in additional profit had he retained his initial position [2].

Hayes attributed his initial sale to concerns over U.S. regulatory and macroeconomic uncertainty, particularly around potential tariff impacts on the crypto market. This bearish move led to a significant reduction in his Ethereum holdings, followed by a strategic reversal as the price began to climb [3]. In a public statement, Hayes admitted to the earlier decision and indicated that he would no longer engage in profit-taking after this repurchase, a move seen as a sign of confidence in Ethereum’s longer-term prospects [2].

Hayes’s current cryptocurrency portfolio includes 4,424 ETH valued at approximately $18.7 million, along with 3,097 EETH (~$13.07 million), $12.43 million in USDC, 1,167 WEETH (~$5.29 million), and smaller amounts in tokens like PENDLE and WILD. The total value of the portfolio is estimated at $52.19 million [1]. His recent activity and public comments continue to draw attention from traders and analysts, who often interpret the actions of high-profile figures as potential market indicators [6].

This episode underscores the inherent risks and volatility of the crypto market, where rapid price swings can quickly turn profitable positions into losses. Hayes, known for his strong opinions on market cycles, has previously commented on Bitcoin’s boom-and-bust patterns, suggesting that the recent drop in Bitcoin may mark the bottom of a new cycle [4]. His Ethereum trade, however, serves as a cautionary tale about the importance of timing and risk management.

The broader market has witnessed similar high-profile trading decisions, particularly as institutional interest continues to influence price movements. For instance, the recent price action in ATOM saw a 4% jump driven by institutional buying before a late-hour reversal highlighted the unpredictable nature of crypto trading [5].

Arthur Hayes’s Ethereum trade has ignited discussions on the psychological and strategic dimensions of trading in a market known for its high volatility and rapid shifts. Whether viewed as a miscalculation or a bold maneuver, the incident has reaffirmed the challenges that even seasoned traders face in navigating the crypto landscape.

Source:

[1] Big Mistake by BitMEX Founder Arthur Hayes: Lost Millions of Dollars in Ethereum (https://en.bitcoinsistemi.com/big-mistake-by-bitmex-founder-arthur-hayes-lost-millions-of-dollars-in-ethereum/)

[2] Arthur Hayes Rebuys ETH Amid Price Rally and Swears Off Profit-Taking (https://cryptoadventure.com/arthur-hayes-rebuys-eth-amid-price-rally-and-swears-off-profit-taking/)

[3] Arthur Hayes Dumps Millions in Crypto Amid Bearish Bet on U.S. Tariff Impact (https://www.coinbase.com/en-gb/price/usdc)

[4] Bitcoin's Boom-and-Bust Cycle May Be Ending (https://www.facebook.com/groups/250968057873111/posts/795390966764148/)

[5] ATOM Jumps 4% on Institutional Demand Before Late-Hour Reversal (https://cryptoadventure.com/atom-jumps-4-on-institutional-demand-before-late-hour-reversal/)

[6] Cryptocurrencies — Latest Articles and News (https://itc.ua/en/tag/cryptocurrencies/)