Arthur Hayes continues to make unprofitable trades with ATH

Renowned cryptocurrency investor and BitMEX founder Arthur Hayes is actively selling off his own ATH cryptocurrency holdings despite significant losses. He recently sent 2.951 million tokens (approximately $174k) to the Bybit exchange and another 30 million worth $1.77 million to the 0x75b wallet, which is probably also linked to this trading platform or OKX. The total amount of assets purchased by the entrepreneur between August and September at a price of around $0.065 amounted to 116.63 million ATH. However, since October, he has been selling them at a reduced value of about $0.0546. At this point, Hayes still owns 37.91 million ATH (about $2.24 million), indicating a loss of $948k, or 12.5%). This shows that his initial strategy failed to meet expectations and the businessman is looking to minimize losses. Earlier (in September), the businessman made large purchases of ATH, including one of the largest transactions – withdrawal of 30.89 million tokens from Bybit, which became an important part of his portfolio. It

is noteworthy that earlier Hayes redirected the focus of attention from PENDLE tokens to ATH. Back in September, he was withdrawing significant volumes of PENDLE on Binance and Bybit. At the same time, the entrepreneur was accumulating new tokens. Analysts note that his investments with the 1st type of assets brought about $1.09 million in profit, or 18.2%. The

continued sale of ATH may indicate a lack of liquidity or an attempt to reduce risks in conditions of high volatility. At the same time, the significant number of tokens remaining in his wallets suggests that Hayes has not yet given up on the idea of recovering his position if market conditions change. The investment activity of this crypto-enthusiast is of interest to the community, as his transactions have an impact on the liquidity and value of digital coins. Analysts are keeping an eye on the entrepreneur’s actions, which may clarify whether he will continue to stick to his accumulation strategy or leave the ATH market completely.