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Ethereum Updates Today: Hayes' Move to ETH Ignites Discussion: Is This the Market's Summit or a Strategic Withdrawal?

Ethereum Updates Today: Hayes' Move to ETH Ignites Discussion: Is This the Market's Summit or a Strategic Withdrawal?

Bitget-RWA2025/11/17 20:46
By:Bitget-RWA

- Arthur Hayes, BitMEX co-founder, transferred 960 ETH and $2.9M in tokens to institutional desks, reducing his crypto portfolio by 30% in November 2025. - Analysts debate whether his sales signal a bearish market outlook or tactical rebalancing amid Ethereum's $3,100 decline and Bitcoin's $94,000 drop. - Ethereum now dominates his $42.2M portfolio ($18M position), while Orbion criticizes altcoin markets as "broken," contrasting with Tom Lee's bullish Bitcoin parallels. - Institutional consolidation in blu

BitMEX co-founder Arthur Hayes has ramped up his on-chain transactions, transferring an additional 700 ETH to B2C2 as part of a larger "repositioning" trend that has resulted in his portfolio dropping by more than 30% during November 2025. These activities, monitored by on-chain analytics services

Intelligence and Lookonchain, point to a significant change in the crypto billionaire’s asset allocation, with Ethereum-related investments now making up the bulk of his portfolio. over whether Hayes’ moves indicate a diminishing optimism for the current market cycle or a calculated adjustment in response to market swings.

Ethereum Updates Today: Hayes' Move to ETH Ignites Discussion: Is This the Market's Summit or a Strategic Withdrawal? image 0
Hayes recently sold 520 ETH (worth $1.66 million), 2.62 million tokens ($733,000), and 132,730 tokens ($124,000) on Sunday. This was followed by another round involving 260 ETH ($820,000), 2.4 million ENA ($651,000), and 640,000 ($480,000), among other assets such as Flowdesk, FalconX, and Cumberland, all known for handling large-scale liquidations. The total value of his portfolio has fallen from $63 million to $42.2 million, with now representing $18.03 million of his assets—his largest individual holding .

These sales happened as Ethereum slipped to $3,100 and Bitcoin dropped to $94,000, prompting speculation about the overall market mood. Although Hayes has been a prominent crypto bull, analysts such as Orbion believe his decisive exits may indicate he expects the market to top out soon. “The anticipated shift into major altcoins hasn’t happened, and it’s looking less likely by the day,” Orbion commented,

. Meanwhile, after ten years, moving 200 ETH ($626,000)—a move interpreted as a sign of renewed whale confidence in Ethereum’s future.

Despite the selling activity, Ethereum’s price managed to hold above $3,100, defying predictions of a deeper drop. Tom Lee, chairman of BitMine, remains optimistic, drawing comparisons to Bitcoin’s past recoveries. “Bitcoin survived six drops of over 50% and three of more than 75% in 8.5 years, yet still increased 100 times by 2025,” Lee remarked,

through turbulent periods.

Hayes’ recent moves have added to the uncertainty in the crypto sector, with some questioning if his sales reflect a loss of confidence in altcoins or a protective approach amid market turbulence. His current portfolio includes 3,119 EETH ($9.8 million), 1,167 WEETH ($4 million), and $7.9 million in

, along with smaller stakes in tokens such as , LDO, and WBTC . This shift highlights a growing trend of institutional investors consolidating into top-tier assets as retail interest in altcoins diminishes.

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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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