According to Lookonchain, Arthur Hayes deposited 7.66M BIO, valued about $460K, to Binance; the same amount was withdrawn from Binance three months earlier when BIO traded near $0.144, implying an unrealized loss around $640K (-58%), with the wallet attribution referenced via Arkham Intelligence labels. Source: Lookonchain on X dated Nov 21, 2025; Arkham Intelligence entity page for Arthur Hayes. This on-exchange inflow increases readily tradable BIO supply on Binance, a metric traders track for short-term liquidity and price impact. Source: CryptoQuant Research on exchange inflows and market impact; Kaiko liquidity and market microstructure reports.