Arthur Hayes Makes Significant Withdrawals in Crypto Market


Key Points:


- Former BitMEX CEO Arthur Hayes withdraws 47.37M Aethir (ATH) from Bybit, OKX, and KuCoin
- Total value: $2.94M; Total ATH holdings: 93.15M (~$5.79M)
- Hayes faces unrealized loss of $207K in ATH
- Market observers monitor his strategy, potential impact on market


Context:


- Aethir's ATH coin trades at $0.06306 (-3.93% in 24h)
- Market capitalization: $255.8M (ranked 222nd)
- All-time high: $0.1059 (June 13, 2024); currently 40% below ATH


Implications:


- Hayes' confidence in ATH altcoin
- Potential investment plans
- Market interest and upward price fluctuations possible
- Traders closely watching Hayes' moves for market cues