Arthur Hayes is buying #ETHFI i again. Not a small move either. đ
Track record on this wallet: đ
4 months ago: bought 265,461 $ETHFI ($118K) at $0.44. Got stopped out, had to take the loss.
Now: same wallet, 1.897M $ETHFI ($1.17M) accumulated at $0.163. Thatâs 7x the volume at 63% lower price.
When a whale takes a loss and comes back to the same coin months later with 7x the conviction and a much better entry, thatâs not averaging down out of desperation, thatâs a deliberate repositioning.
Hayes doesnât need to be right on every trade. But when he buys the same coin after taking a loss at a higher price, and comes back with this much more capital at a lower price, heâs essentially saying the thesis got better, not worse.Combined with the 2-year trendline breakout setup $ETHFI I is showing on the chart right now, this whale activity isnât happening in a vacuum. đŻ
ETHFIUSDT
#crypto #ETHFÄ°
Track record on this wallet: đ
4 months ago: bought 265,461 $ETHFI ($118K) at $0.44. Got stopped out, had to take the loss.
Now: same wallet, 1.897M $ETHFI ($1.17M) accumulated at $0.163. Thatâs 7x the volume at 63% lower price.
When a whale takes a loss and comes back to the same coin months later with 7x the conviction and a much better entry, thatâs not averaging down out of desperation, thatâs a deliberate repositioning.
Hayes doesnât need to be right on every trade. But when he buys the same coin after taking a loss at a higher price, and comes back with this much more capital at a lower price, heâs essentially saying the thesis got better, not worse.Combined with the 2-year trendline breakout setup $ETHFI I is showing on the chart right now, this whale activity isnât happening in a vacuum. đŻ
ETHFIUSDT
#crypto #ETHFÄ°