Is Arthur Hayes skilled at "buying high and selling low"? On-chain data reveals multiple loss-making trades
BlockBeats News, February 3, according to monitoring by lookonchain, Arthur Hayes has recently reduced his holdings in several crypto assets, with multiple transactions showing a pattern of "buying high and selling low." Specifically:
Hayes previously bought 1.4 million PENDLE at a price of $2.06 (approximately $2.87 million), and recently sold 327,869 PENDLE at $1.53 (about $502,000);
For ENA, he bought 15.8 million at $0.23 (about $3.6 million), and later sold 3.6 million at $0.14 (about $499,000);
In addition, he bought 2.3 million LDO at $0.56 (about $1.29 million), and recently sold 2.31 million at $0.42 (about $980,000).
The above transactions have attracted market attention, with some investors joking that his trading rhythm tends to "chase highs and kill lows," also reflecting the current increased market volatility and continued contraction in risk appetite.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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