Arthur Hayes: Sells 6.16M SYN, Buys 3.05M ENA

Arthur Hayes sold 6.16M $SYN worth $658K while acquiring 3.05M $ENA for $248K, extending his pattern of buying high and selling low after booking a $241K loss on ETH trades.

Price action on the 4h chart shows $SYN at $0.09 inside Bollinger Bands with upper resistance at $0.14 and lower support at $0.08, while the EMA50 at $0.13 and EMA200 at $0.21 act as layered resistance; the RSI at 24.81 signals oversold conditions yet the MACD death cross at -0.01 confirms bearish momentum, suggesting any bounce toward the upper band will likely stall before retesting the 50-EMA confluence.