Large Ethereum transfers tied to BlackRock and Arthur Hayes are drawing fresh attention after on-chain dashboards showed substantial deposits moving into trading desks and Coinbase. The activity, highlighted by analysts on X, reflects a concentrated wave of institutional and whale-linked ETH flows.
BlackRock, Arthur Hayes Transactions Push Ethereum Flows Into Focus
Posts from on-chain watcher Ash Crypto showed wallets labeled as BlackRock sending more than $176 million worth of Ether to Coinbase Prime. Screenshots captured a series of 10,000-ETH transfers leaving an address tagged “BlackRock: ETHA Ethereum …” and arriving at a “Coinbase Prime Deposit” wallet within minutes of each other. Each transaction was valued at slightly above $32 million.
BlackRock ETH Deposits. Source: Arkham Intelligence/X
The sequence of tightly timed deposits indicates a coordinated repositioning of Ether exposure inside Coinbase’s institutional platform. The images did not clarify whether the transfers were tied to ETF operations, internal portfolio adjustments, or other fund activity. BlackRock has not commented on the transactions.
At the same time, a separate thread focused on BitMEX co-founder Arthur Hayes after an account known as 0xNobler claimed Hayes was sending assets to Wintermute “every few hours.” The dashboard showed a wallet labeled “Arthur Hayes” routing tokens to market maker Wintermute, OTC desk FalconX and several exchange deposit addresses.
Arthur Hayes Crypto Transfers. Source: Arkham Intelligence/X
Those moves included large batches of LDO, ENA, UNI, AAVE and multiple Ether transfers, with transaction sizes ranging from a few hundred ETH to smaller clips. Additional entries showed earlier transfers to Kraken and other centralized venues. The flows suggest active portfolio rotation, although the screenshots did not confirm whether each transfer resulted in immediate selling.
Ethereum Dominance Bounces Off Key Support as Gordon Eyes Upside
Ethereum’s market share is holding a key support zone after a steep slide, putting dominance back in focus for traders. The weekly chart shared by analyst Gordon shows ETH dominance rebounding from the 7–8 percent area and now stabilizing around 12 percent.
ETH Dominance Chart. Source: Gordon on X
The same band acted as support during earlier cycles, when Ethereum paused and then extended higher. On the chart, ETH has already formed a clear base at the lows and then pulled back into this mid-range support, where buyers previously stepped in.
Gordon wrote that “ETH dominance is set up perfectly to go higher from here,” and drew a path that points toward the mid-teens if support holds. The structure highlights a potential higher low and leaves room for dominance to push back toward the 15–17 percent zone if capital rotates back into Ethereum.
