Arthur Hayes: Receives 11.73M USDC From Galaxy Digital

Arthur Hayes received 11.73M USDC from Galaxy Digital and Flowdesk after transferring 8K ETH valued at 18.69M, according to Onchain Lens. The address 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21 still shows roughly 6.96M in proceeds pending settlement.

Price action on the 4h chart shows ETH at 2344.06 inside a bearish structure where the EMA50 at 2415.03 and EMA200 at 2496.65 cap any upside. The MACD death cross at -23.07 keeps downside pressure intact while RSI at 38.42 leaves room before oversold conditions. With price inside the Bollinger Bands, the lower band at 2310.46 now serves as the immediate volatility exhaustion target before any sustained bounce.