Hupzy (Spot On Chain)|Jun 15, 2026 15:55
๐ ๐๐ฟ๐๐ต๐๐ฟ ๐๐ฎ๐๐ฒ๐ has purchased ๐ฏ,๐ฌ๐ฌ๐ฌ ๐๐ง๐ (~$๐ฑ.๐ฐ๐ฎ๐ ) via Flowdesk OTC, according to on-chain data. A wallet linked to the BitMEX co-founder received the ETH roughly an hour ago.
https://arkm.com/explorer/address/0x795d5CFE89FbeBbeB1e2b54f51230F25675C9Ff5eA0
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Hayes has a track record of large, directional ETH bets. A $5.4M accumulation routed through an OTC desk โ rather than spot โ signals a deliberate, size-aware entry. The Flowdesk routing minimizes slippage and suggests the buyer wanted to avoid moving the book. For ETH traders, this is a named-entity confirmation of buy-side interest at current levels, though one wallet doesn't shift the macro setup.
ETH support sits around $2,450โ$2,500 from recent consolidation; a break below that zone would invalidate the bullish read. The OTC nature means no immediate spot overhang was created โ neutral-to-bullish for short-term price action.
source: lookonchain
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