Arthur Hayes Rotates Over $3M From Ethereum Into DeFi Tokens as ETH Stalls Below Key Resistance

On December 19–20, 2025, Arthur Hayes shifted more than $3 million from Ethereum into selected DeFi tokens while ETH traded below a key resistance band around $3,100–$3,150. On-chain data shows he moved over 1,100 ETH, building positions in Ethena, Pendle, and ether.fi as Ethereum's price consolidated inside a descending channel. This rotation reflects a liquidity- and yield-driven strategy focused on protocols tied to on-chain activity and tokenized yield.