Hayes Sells 6,000 ETH as Other Whales Withdraw Tens of Thousands

Overview

• Lookonchain and exchange records show Arthur Hayes sold 6,000 ETH at an average price near $1,690, crystallizing an estimated $606,000 loss as reported on June 19.
• Prior to that sale Hayes had accumulated roughly 5,900 ETH at an average near $1,793 and his wallet received 3,000 ETH from market maker Flowdesk on June 15.
• Other large holders continued to add to positions with K3 Capital withdrawing about 10,000 ETH from Binance and a wallet linked to Chun Wang taking roughly 7,650 ETH.
• Technical indicators point to fragile bullish conviction with ETH trading near the key support around $1,700, bearish RSI and MACD readings, and concentrated liquidation liquidity between $1,780 and $1,820.
• If buyers push through the $1,780–$1,800 liquidity zone prices could test about $1,856 while a failure to hold $1,700 would likely shift focus to $1,620 and the June low near $1,507; on-chain attributions are based on tracer heuristics and are not definitive.