Arthur Hayes transferred 3 million USDC to Flowdesk and Galaxy Digital, possibly in preparation for bottom-fishing altcoins

According to on-chain analyst Yu Jin's monitoring, Arthur Hayes transferred a total of 3 million USDC to the OTC trading platforms Flowdesk and Galaxy Digital about 10 minutes ago.

Half a month ago, Hayes had liquidated various altcoins worth at least 49.25 million dollars and stated that he planned to wait for further price declines before buying again. Since then, the prices of the tokens he previously sold have dropped by about 15% to 30%. This recent transfer of USDC has sparked market speculation about his possible preparations to buy back in, but the specific use of the funds and buying plans have not yet been confirmed.