Arthur Hayes has bought back 1.9M ETHFI for roughly $1.17M at $0.62, months after selling a large position at a loss.  Four months ago, Hayes sold 265,461 ETHFI at around $0.44, locking in a loss. Now he’s back in the market at a significantly higher price. The move is interesting because Hayes isn’t simply averaging down on an existing position. He exited, watched the token recover, and has now decided to re-enter with a much larger allocation. That doesn’t automatically mean ETHFI is about to rally, but large on-chain moves from a trader as closely watched as Hayes can influence market sentiment. He sold the bottom. Now he’s buying back higher. The question is what he sees this time. #BTC Price Analysis# #ETH $ETH