According to Lookonchain, a wallet attributed to Arthur Hayes withdrew 33,978 Hyperliquid ($HYPE ), for a value of around $2.09 million, from Bybit on June 8. Hayes has since denied making any purchases.
The reported transaction corresponds to an implied entry price of about $61.50 per HYPE. This comes just four days after Hayes publicly stated he liquidated his entire position on HYPE at a price above $72.
HYPE dropped 23% following Hayes' exit, then faced a contested reintegration.
Hayes' exit above $72 preceded a decline of about 23% in HYPE, which fell below $56 in the following days. He justified his exit from HYPE and NEAR citing macroeconomic hedges and the desire to wait for a better entry point.
Lookonchain identified a withdrawal of 33,978 HYPE from Bybit at an average price close to $61.5, linking this address to Hayes through Arkham Intelligence tags.
If this proves accurate, the sequence would describe a high-price short followed by a buyback at a lower price, conducted while Hayes publicly denied repositioning.
$NEAR
$WLD
#ArthurHayes预测 #HYPER #BinanceLaunchPool🔥 #crypto #BinanceSquareFamily
The reported transaction corresponds to an implied entry price of about $61.50 per HYPE. This comes just four days after Hayes publicly stated he liquidated his entire position on HYPE at a price above $72.
HYPE dropped 23% following Hayes' exit, then faced a contested reintegration.
Hayes' exit above $72 preceded a decline of about 23% in HYPE, which fell below $56 in the following days. He justified his exit from HYPE and NEAR citing macroeconomic hedges and the desire to wait for a better entry point.
Lookonchain identified a withdrawal of 33,978 HYPE from Bybit at an average price close to $61.5, linking this address to Hayes through Arkham Intelligence tags.
If this proves accurate, the sequence would describe a high-price short followed by a buyback at a lower price, conducted while Hayes publicly denied repositioning.
$NEAR
$WLD
#ArthurHayes预测 #HYPER #BinanceLaunchPool🔥 #crypto #BinanceSquareFamily