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BitMEX co-founder sells 6,000 ETH at a $606K loss amid mixed whale activity around $1,700 support.

Technical Signals
20 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Arthur Hayes, BitMEX co-founder, sold 6,000 Ethereum tokens at $1,690 each, realizing a $606,000 loss after buying them at $1,793. Meanwhile, institutional investors like K3 Capital and a wallet linked to Chun Wang accumulated over 17,000 ETH, signaling confidence at current price levels near $1,700. Ethereum is trading near a key Fibonacci retracement support level with bearish momentum indicators, while significant liquidity clusters around $1,800. The market awaits a decisive move either below $1,700 or above $1,800 to set the next trend direction.

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