Arthur Hayes just bought back what he sold cheaper.
He bought 1.9M $ETHFI, worth around $1.17M, at roughly $0.62 about 6 hours ago.
Around 4 months ago, he sold 265,461 ETHFI at about $0.44, taking a loss on the position. Now he’s back in buying #ETHFI at $0.62 after selling lower.
WE GUESS: Sell low, buy higher… sometimes even the whales get the timing wrong.
{future}(ETHFIUSDT)
{spot}(ETHFIUSDT)
SHORT THE MARKET now Cause ... Abraxas is shorting the market… while buying the dip on spot.
They taking a pretty interesting approach right now. The firm has built roughly $783M in short positions on Hyperliquid, betting against the market.
But at the same time, it’s aggressively accumulating spot $ETH . Over the past 4 days, Abraxas-linked wallets withdrew 73,872 ETH from Binance, worth around $173.17M.
So while the derivatives book is heavily short, the spot side is stacking ETH. That looks...
$BTC's cleanest setup here? A backtest of the 20-week SMA. That would be textbook bullish continuation—retest support, reload, then rip higher.
But here's the twist: if it just ignores the backtest entirely and keeps grinding up, that's actually even more bullish. Why? Because everyone's positioned for the pullback. When the crowd expects a dip and it doesn't come, that's when shorts get squeezed and FOMO kicks in.
So either way, the setup favors upside. Just depends whether we get the reload ...