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.
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