Whale pulls $21.7 million from FalconX, including $14.4 million in ETH bought below $2,000

A new whale withdrew about $21.7 million from FalconX, including $14.4 million in Ethereum and $7.3 million in Hyperliquid. The positions showed an unrealized gain of roughly $400,000 within 24 hours. Separately, Arthur Hayes’ recent ETH trades ended in a realized loss after buying at $1,793 and selling at $1,690. Data from CryptoQuant suggests spot sentiment has shifted toward buyers, even as U.S. spot ETF institutional demand has turned negative.