Hayes Adds $6.3M ETH as Doctor Profit Reverses BTC Shorts Amid Market Debate

Woofun AI reports that Arthur Hayes executed a $6.32 million Ethereum purchase while Doctor Profit reversed Bitcoin short positions, highlighting divergent strategies among key figures including Tom Lee, BitMEX, EmberCN, and COIN traders.

Doctor Profit adjusted his portfolio allocation after concluding that Bitcoin’s bear market bottom would not reach the previously predicted $40,000 level. He liquidated all BTC short holdings and initiated a systematic accumulation strategy, targeting DCAing entries between $54,000 and $64,000.

Notably, he announced a structural shift to hold more ETH than BTC, aligning with broader accumulation trends in ETH and COIN.

Per Woofun AI, Arthur Hayes acquired 3,298 ETH valued at approximately $6.32 million, a transaction tracked by EmberCN. This specific trade continued a series of large-scale Ethereum purchases that commenced on July 15, reinforcing his aggressive stance on the asset despite current market sideways movement.

Hayes’ cumulative investment now totals $13.82 million across 7,212.6 ETH, mirroring the long-term accumulation strategy of Tom Lee. Since the previous year, Lee has been steadily building his position, currently holding nearly 5% of the total ETH supply, demonstrating sustained institutional-level confidence in Ethereum’s trajectory.

Contrasting these bullish actions, bearish analysts argue that ETH has not yet printed a final bottom, with some predicting a dip into the $1,720-$1,820 support zone before a genuine bounce. More extreme forecasts suggest ETH could fall further to the $800 – $1,200 range, challenging the narrative that the $1,950 level represents a safe entry point for investors.

Despite the debate, the consensus among bulls points to a recovery toward the $2,100 – $2,200 range before new ATHs are established. The current price action near $1,800 – $1,900 remains a critical juncture, marking a decisive test of support before the anticipated upward momentum resumes.