Arthur Hayes Bets Big on Buy the Dip: Liquidates Four DeFi Tokens Today, Loses $3.48 Million

BlockBeats News, February 8th, according to on-chain analyst Colin Wu, BitMEX co-founder Arthur Hayes often engaged in buying the dip and selling the top in the secondary market: today he liquidated four DeFi tokens he purchased for $9.35 million in December last year, resulting in a loss of $3.48 million.

· Bought 2.30 million LDO at $0.56 and sold at $0.42, resulting in a loss of $310,000;

· Bought 15.8 million ENA at $0.23 and sold at $0.13, resulting in a loss of $1.54 million;

· Bought 1.40 million PENDLE at $2.06 and sold at $1.34, resulting in a loss of $990,000;

· Bought 2.15 million ETHFI at $0.74 and sold at $0.47, resulting in a loss of $630,000.