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Ethereum sell pressure rises as Arthur Hayes moves $10M ETH to exchanges, signaling potential price drop.

Market News
20 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Arthur Hayes, former BitMEX CEO, transferred 6,000 ETH worth about $10.41 million from his private wallets to centralized exchanges, signaling possible sell-off. Ethereum's market cap has dropped significantly, and exchange reserves have increased, indicating rising sell pressure. Past moves by Hayes have led to price declines, and current data shows sellers dominating over buyers, suggesting a bearish outlook for ETH in the near term.

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