Arthur Hayes, co-founder of BitMEX, has repurchased nearly 3,915 ETH for approximately $7.47 million since July 15, at an average price of around $1,909 per token. The investor, who previously sold his entire holdings for over $10 million at an average price below $1,700 after accumulating them above $1,900, is currently showing a loss of approximately $113,000 on this new position. Popular analyst Doctor Profit has also revised his strategy upward, increasing his ETH position from 10% to 60% of his combined BTC-ETH portfolio, and predicts a rally of ethereum to $4,000.
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