Arthur Hayes Doubles Down on Ethereum (ETH) With $6.2M Purchase as Price Tests $2K

Key Highlights

• BitMEX co-founder Arthur Hayes purchased 1,332.5 ETH for approximately $2.53 million, continuing his July accumulation spree exceeding 3,270 ETH valued at $6.2 million
• After selling 6,000 ETH at a loss during June, Hayes reversed strategy and began aggressive accumulation throughout July
• The percentage of staked Ethereum reached an all-time high of 33.9%, representing approximately 40.9 million ETH secured in validator nodes
• Three freshly minted wallets extracted 30,000 ETH (approximately $58 million) from Coinbase Prime, while additional major holders transferred ETH from exchanges
• ETH confronts critical resistance between $1,963 and $2,000, with crypto analyst Ali Martinez suggesting a decisive close above $2,000 could trigger moves toward $2,060 and beyond

BitMEX co-founder Arthur Hayes has resumed his Ethereum accumulation strategy. Blockchain analytics from Lookonchain reveal he acquired 1,332.5 ETH in a single on-chain transaction valued at approximately $2.53 million, securing an average entry around $1,899 per token.

This acquisition builds upon two previous July transactions. The first involved approximately 646 ETH obtained following a USDC exchange with Galaxy Digital. The second represented a direct purchase of roughly 1,293 ETH costing about $2.48 million.

In total, Hayes has amassed more than 3,270 ETH throughout July. The aggregate value based on transaction prices approaches $6.2 million.

This strategy marks a dramatic shift from June’s activity. Hayes liquidated 6,000 ETH last month, incurring an estimated $606,000 loss. He subsequently re-entered the market during Ethereum’s price correction.

Crypto analyst Daan Crypto Trades observed on X that ETH is pursuing a breakout pattern and successfully closed above its Bull Market Support Band for the first time since late 2025. He emphasized that bulls require sustained momentum, noting that a climb above the 0.03 ETH/BTC ratio would confirm a full breakout with strong continuation potential.

Ethereum Staking Reaches Unprecedented Levels

According to Token Terminal metrics, Ethereum’s staking ratio has climbed to an unprecedented 33.9% of total circulating supply. This milestone represents approximately 40.9 million ETH locked within validator infrastructure.

An additional 2.47 million ETH currently waits in the entry queue, facing an estimated 43-day delay before activation. Meanwhile, the exit queue remains empty. Current staking APR hovers around 2.64%.

Tokens committed to staking cannot be immediately accessed for spot market trading without utilizing liquid staking derivatives. An increasing staking ratio, coupled with shrinking exchange reserves, effectively constrains the ETH volume available to potential sellers.

Major Holders Withdraw ETH From Trading Platforms

Significant accumulation activity has intensified across whale addresses. Three recently established wallets extracted 30,000 ETH, valued near $58 million, from Coinbase Prime custody. Additional wallets executed substantial withdrawals from Binance and Gemini before directing funds toward staking.

Such outflows diminish the available supply on exchange order books, potentially restricting selling pressure when buying demand strengthens.

Ethereum Price Analysis and Critical Thresholds

ETH is trading above the $1,900 level, with today’s session spanning between approximately $1,852 and $1,950. The asset encounters resistance clustered between $1,963 and $2,000.

Ethereum (ETH) Price

Crypto analyst Ali Martinez indicated that a convincing daily close above the $2,000 threshold could unlock movement toward the $2,060 zone, with sustained bullish momentum potentially reaching the $2,150–$2,200 corridor.

Support infrastructure remains firm near $1,850–$1,870. A daily close beneath $1,850 could reactivate the $1,700–$1,750 trading range.

Market intelligence indicates substantial liquidation clusters above $1,968. A decisive breach above this level could trigger forced short position closures through cascading market buy orders.

ETH currently maintains position just above $1,900 as market participants evaluate whether buyers possess sufficient strength to overcome the psychological $2,000 resistance barrier.

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