Arthur Hayes is adept at "buying high and selling low"? On-chain data reveals multiple losing trades.

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According to BlockBeats, on February 3rd, lookonchain monitoring revealed that Arthur Hayes recently reduced his holdings in multiple crypto assets, with several transactions exhibiting a pattern of "buying at high prices and selling at low prices." Specifically:

Hayes once bought 1.4 million PENDLE tokens at $2.06 (approximately $2.87 million), and recently sold 327,869 tokens at $1.53 (approximately $502,000).
On ENA, it bought 15.8 million tokens (approximately $3.6 million) at $0.23 and then sold 3.6 million tokens (approximately $499,000) at $0.14.
In addition, he previously bought 2.3 million LDOs at $0.56 (approximately $1.29 million) and recently sold 2.31 million LDOs at $0.42 (approximately $980,000).


The aforementioned transactions have attracted market attention, with some investors jokingly remarking that the trading style leans towards "buying high and selling low," reflecting the current increased market volatility and the continued contraction of risk appetite among investors.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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