The cryptocurrency world has once again stirred up waves, as the recent actions of BitMEX co-founder Arthur Hayes have sparked widespread discussion. In just one week, Hayes completed a remarkable Ethereum trading loop.

In the initial stage, Hayes sold 2,373 Ether, with a total value of approximately 8.3 million dollars, at a price of around 3,507 dollars each. This move secured him considerable profit. However, the market quickly reversed, and the price of Ether rapidly surged.

In response to this change, Hayes quickly adjusted his strategy. On Saturday, he transferred $10.5 million in USDC through multiple transactions to buy back Ethereum at a price of about $4,150 per coin. This price is significantly higher than his previous selling price, demonstrating his confidence in the market outlook.

Hayes humorously stated on social media: "I have to buy everything back, do you forgive me?" and promised "I will never easily take profits again." This statement reflects both his trading strategy and a cautious attitude towards the market.

It is worth noting that just last week, Hayes also warned that macroeconomic pressures could affect the cryptocurrency market. He pointed out that the weak non-farm payroll data in July and slow credit growth in major economies could impact GDP, which in turn could drive down the prices of Bitcoin and Ethereum.

However, the market does not seem to fully agree with Hayes' prediction. Data shows that since July, over 1.035 million ETH have been acquired by institutions and large investors through trading platforms, with a total value of approximately $417 million. This large-scale purchasing behavior aligns with Ethereum's recent strong upward trend.

Hayes's operations and the market's reactions once again prove the unpredictability of the cryptocurrency market. Investors need to remain vigilant at all times and adjust their strategies to respond to the rapid changes in the market. At the same time, the continued entry of institutional investors also demonstrates confidence in the long-term development of Ethereum.

In the future, how will the cryptocurrency market develop? Will the behavior of large investors lead market trends? These questions are worth our continued attention and reflection.