Arthur Hayes purchased an additional 1,332.5 ETH valued at approximately $2.53 million, according to Lookonchain data, bringing his July total Ethereum accumulation to over 3,270 ETH worth about $6.2 million. These recent buys come after Hayes sold 6,000 ETH at a loss in June.
Hayes's Buying Activity and Market Context
The latest acquisition was executed at an average price near $1,899 per ETH. Earlier in July, Hayes acquired roughly 646 ETH via a USDC transfer linked to Galaxy Digital and another 1,293 ETH for $2.48 million. His total accumulation contrasts with his June liquidation, which resulted in an estimated $606,000 loss.
Analyst Daan Crypto Trades highlighted that Ethereum is attempting a breakout, having closed above its Bull Market Support Band for the first time since late 2025. Daan mentioned a key indicator is ETH surpassing the 0.03 ETH/BTC ratio, which could confirm a sustained upward trend.
Ethereum Staking and Large Holder Movements
Ethereum's staking ratio has reached an all-time high of 33.9%, equating to about 40.9 million ETH locked in validators, based on Token Terminal data. also around 2.47 million ETH is queued for staking with an estimated 43-day waiting period, while the exit queue remains at zero. The current staking annual percentage rate (APR) stands near 2.64%.
Large investors have been transferring significant amounts of ETH from exchanges to staking wallets. Recently, three new wallets withdrew a combined 30,000 ETH, worth almost $58 million, from Coinbase Prime. Other sizable withdrawals occurred from Binance and Gemini prior to staking.
These withdrawals reduce the supply of ETH available for trading on exchanges. Meanwhile, Ethereum faces resistance between $1,963 and $2,000, with analyst Ali Martinez suggesting that a firm close above $2,000 could pave the way for gains above $2,060.
Material is for informational purposes only and does not constitute financial advice.
