Arthur Hayes: Transfers 14M ENA to Cumberland

Arthur Hayes transferred 14 million ENA tokens valued at $2.73 million to Cumberland for immediate sale, extending a liquidation that began yesterday with $28.81 million in tokens routed to platforms.

The former BitMEX CEO has already withdrawn $14.15 million in USDC from exchanges after offloading ETH, ENA, UNI, ETHFI, AERO, PENDLE and ZAMA.

ENA trades at $0.19 inside its Bollinger Bands with the upper band at $0.21 acting as immediate resistance and the lower band at $0.18 providing short-term support. Both the EMA50 and EMA200 sit at $0.20, forming a clear resistance ceiling that has capped rallies for months. The MACD death cross keeps the broader structure bearish while RSI at 43.46 shows no oversold bounce yet. With price pressing the upper Bollinger band while the 50- and 200-period EMAs converge overhead, a rejection back toward the $0.18 lower band appears the highest-probability next move before any sustained recovery attempt.