Arthur Hayes's address transferred 3 million USDC to two institutions.

On November 12 that, according to Ember monitoring, Arthur Hayes's address has cumulatively transferred 3 million USDC to over-the-counter trading platforms Flowdesk and Galaxy Digital. This has sparked market speculation that he may be preparing to re-enter the cryptocurrency market.

Prior to this, Arthur Hayes sold at least $49.25 million worth of various altcoins about two weeks ago, stating that he plans to wait for prices to decline further before looking to buy in.

The accompanying image shows that 1 million USDC was transferred to Flowdesk, while 2 million USDC was sent to Galaxy Digital's deposit address.