Ethereum Updates Today: Arthur Hayes Sells $2.5M—Are Institutions Seeing a Profit Opportunity?
- Arthur Hayes sold $2.52M in crypto assets, including 520 ETH and 2.62M ENA, four hours before a public post on Nov 16, 2025. - The sale, tracked by blockchain analytics, may signal institutional profit-taking, potentially pressuring Ethereum’s $3,000 support level. - ENA and ETHFI face short-term headwinds, with trading volumes surging 10–20% post-announcement. - Institutional ETH derivatives remain strong, but retail traders are advised to monitor technical indicators for market direction.
Arthur Hayes, previously the CEO of BitMEX, recently carried out a notable on-chain sale, offloading 520
This sale has prompted discussions about its possible effects on the market. As Ethereum is already experiencing volatility, Hayes' move—often interpreted as a reflection of institutional strategies—could indicate profit-taking or a shift in portfolio allocation, potentially putting short-term pressure on prices. Market participants are closely watching major support zones, especially the $3,000 mark, which has
ENA and ETHFI, both associated with DeFi platforms, are also facing immediate selling pressure. The sale of 2.62 million ENA at $0.28 each and 132,730 ETHFI at $0.93 per token represents significant supply that could weigh on short-term valuations. ENA, which is part of Ethena’s stablecoin network, typically trades between $0.25 and $0.35, while ETHFI’s price movement tends to mirror ETH, often with greater swings.
Looking at the broader picture, Hayes’ actions may be influenced by macroeconomic trends or regulatory developments.
Sentiment analysis shows that major holders are taking a cautious approach, as Hayes’ sale comes at a time when ETH’s year-to-date gains have exceeded 50%. On-chain metrics for ENA and ETHFI indicate rising transfer activity, suggesting ongoing community involvement despite the recent sell-off. For traders, strategies involving perpetual futures or relative value trades—such as ETH/ENA pairs—may be attractive if Ethereum continues to outperform other altcoins in the near future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Today: Bitcoin Faces $62K Drop Threat Amid Fed's Data Silence Predicament
- Bitcoin faces $62K crash risk amid Fed uncertainty caused by U.S. government shutdown's "data blackout" disrupting inflation/labor data. - Post-Nov 13 reopening saw BTC rebound above $102K, but markets remain fragile with 20% decline from October peak despite $140B ETF growth. - Fed rate cut odds dropped to 52% for December, creating volatility as institutions like Harvard Endowment invest $443M in Bitcoin ETFs. - U.S. miners struggle with 37.75% global hashrate share amid lack of federal incentives, con
Bitcoin Updates Now: Crypto Faces a Standstill as Market Anxiety Meets Harvard’s Confident Bitcoin Investment
- Alternative Data's Fear & Greed Index hit record low 10 on Nov 16, signaling extreme crypto market fear and frozen investor sentiment. - Bitcoin fell 5% to $96,000 while CD20 lost 5.8% as profit-taking, liquidations, and liquidity declines accelerated selloffs. - Rising U.S. Treasury yields and central bank uncertainty worsened losses, with Nansen noting "perfect storm" of macro risks and institutional outflows. - Harvard's $443M IBIT ETF investment contrasts current bearishness, highlighting diverging i
XRP News Today: XRP ETF Achieves Historic Debut Despite Crypto Market Downturn
- Canary XRP ETF (XRPC) set 2025's debut record with $58.6M trading volume, surpassing Bitwise's Solana ETF . - XRPC attracted $245M inflows despite XRP's 5.2% price drop, highlighting institutional demand vs. spot market dynamics. - SEC's 2025 Ripple settlement enabled first U.S. spot XRP ETF, signaling regulatory clarity after 5-year legal battle. - Analysts predict $8B in potential inflows for XRPC, with XRP price targets up to $10 in 18 months. - XRPC's success reflects maturing crypto ETF market, with
BCH Shares Fell by 0.3% Amid Increasing Institutional Holdings and Lower-than-Expected Earnings
- BCH shares fell 0.3% in 24 hours amid mixed institutional buying and earnings shortfalls, despite a 185.3% stake increase by Campbell & CO to 26,095 shares. - Q3 earnings of $0.60 (vs. $0.62 expected) and revenue of $675. 3M (vs. $832M forecast) highlighted underperformance, though 23.25% ROE and 32.87% net margin signaled strong profitability. - Analysts upgraded BCH to "Moderate Buy" with $34 average target, citing Goldman Sachs ($35) and JPMorgan ($33) price hikes, reflecting cautious optimism about l
Trending news
MoreCrypto prices
More
