Is HashKey Capital About to Dump $47M Worth of Ethereum?

According to on-chain tracking platform Lookonchain, a wallet likely linked to HashKey Capital, a major crypto investment firm, transferred 12,000 ETH (worth approximately $47.18 million) to the OKX exchange just two hours ago.

Such large transfers to centralized exchanges often indicate that the sender is preparing to sell, leading to speculation that HashKey may be taking profits after Ethereum’s recent price surge.

Ethereum Rally at a Turning Point?

This move comes just days before the U.S. Federal Reserve’s interest rate decision, a key macro event that could affect risk assets like crypto. Analysts suggest some institutions might be de-risking or locking in profits before potential market volatility.

Ethereum had seen a solid breakout earlier this month, but whale activity like this often signals short-term corrections—especially when markets are on edge ahead of macroeconomic catalysts.

Ethereum Price Analysis

Top crypto analyst Michaël van de Poppe also weighed in on Ethereum’s price action. He noted that although ETH recently broke out, the move lacked strong momentum.

“I wouldn’t be surprised to see a short correction or a liquidity sweep before the next leg up,” he said.

Van de Poppe believes the recent volatility can present opportunities for short-term traders, but might shake confidence among long-term holders.

• Also Read :
•   Top 3 Altcoins, Which Will Rally This Week 
•   ,

Despite the sell-off fears, Ethereum remains technically strong:

• Current Price: $3,887
• RSI: Neutral at 59.21
• MACD: Slight bearish crossover
• Support Zones: Fair Value Gaps around $3,865–$3,870
  
• Major Support: Holding above $3,800 critical level

This suggests that while a short-term correction is possible, ETH remains in an uptrend unless $3,800 is broken decisively.

Is This Just a Dip or Start of a Larger Move?

Ethereum’s fundamentals remain strong, backed by institutional interest, upcoming developments in DeFi, and speculation around spot ETH ETFs. If macro conditions remain favorable, many analysts still expect ETH to retest $4,000 and higher in the coming weeks.

However, with large players like HashKey potentially offloading holdings, short-term caution is warranted. All eyes now turn to the Fed’s rate decision, which could either trigger a broader market rally—or deepen profit-taking.

Subscribe Now

`;
subcribemodal.innerHTML = modalContent;
}
subscribe_unsubscribe_status(template_id);
//getAllSubscriberCategoryList(template_id);
}

function toggleSubscription(subscription, template_id)
var subscriptionCheckbox = document.getElementById(subscription + ‘_’ + template_id);
var li = document.getElementById(subscription + ‘Selected_’ + template_id);
if (subscriptionCheckbox.checked)
li.classList.add(‘active’);
else
li.classList.remove(‘active’);

function getAllSubscriberCategoryList(getcategoryId) {

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘GET’,
data:
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list’,
,
success: function(response) {
var result = JSON.parse(response.message);

if (result.status === true)

var idstosubscribed = []
// Populate listOfSubscribed with subscribed category IDs
result.message.forEach(listofcategory =>

if (listofcategory.subscribe_status === 1)
if (!listOfSubscribed.includes(listofcategory._id))

listOfSubscribed.push(listofcategory._id);

if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id))
idstosubscribed.push(listofcategory.news_cp_category_row_id);

);

idstosubscribed.forEach(id =>
var subscribeButton = document.getElementById(‘subscribe_’ + id);
var unsubscribeButton = document.getElementById(‘unsubscribe_’ + id);

if (subscribeButton && unsubscribeButton)
subscribeButton.style.display = ‘none’;
unsubscribeButton.style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);

if (showDownloadReport)
showDownloadReport.style.display = ‘block’;

);

},
error: function(xhr, status, error)
console.error(‘Error:’, error);

});
}

function subscribe_unsubscribe_status(getcategoryId) {
var elementTounsubscribe = parent.document.getElementById(‘unsubscribe_’ + getcategoryId);
var elementTosubscribe = parent.document.getElementById(‘subscribe_’ + getcategoryId);
jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data:
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list?category_row_id=’ + getcategoryId,
,
success: function(response) {
var result = JSON.parse(response.message);
if (result.status === true)
parent.jQuery(‘.skeliton-loader-block’).hide();
var hasSubscribeStatusOne = false;
result.message.forEach(subscribeStatus =>
if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1)
hasSubscribeStatusOne = true;

if (subscribeStatus.notification_type === 3)
parent.document.getElementById(‘monthlySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘monthly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1)
parent.document.getElementById(‘monthly_’ + getcategoryId).checked = true;

else if (subscribeStatus.notification_type === 2)
parent.document.getElementById(‘weeklySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘weekly_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1)
parent.document.getElementById(‘weekly_’ + getcategoryId).checked = true;

else if (subscribeStatus.notification_type === 1)
parent.document.getElementById(‘dailySelected_’ + getcategoryId).style.display = ‘block’;
parent.document.getElementById(‘daily_’ + getcategoryId).setAttribute(‘data-id’, subscribeStatus._id);
if (subscribeStatus.subscribe_status === 1)
parent.document.getElementById(‘daily_’ + getcategoryId).checked = true;

if (subscribeStatus.subscribe_status === 1)
listOfSubscribed.push(subscribeStatus._id);

);
if (hasSubscribeStatusOne)
elementTosubscribe.style.display = ‘none’;
elementTounsubscribe.style.display = ‘block’;
else
elementTosubscribe.style.display = ‘block’;
elementTounsubscribe.style.display = ‘none’;

},
error: function(xhr, status, error)
console.error(‘Error:’, error);

});
}

function logSelectedSubscriptions(categoryid) {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
unsubscribemodal.innerHTML=”;
subscribedmodal.innerHTML=”;
var selectedSubscriptions = [];
var storeCheckedId = [];
var checkboxes = document.querySelectorAll(‘#subscription-options-‘ + categoryid + ‘ input[type=”checkbox”]’);
var errorMessage = document.getElementById(‘error-message-select’);

// Use a Set to handle unique data-ids
var uniqueSubscribedIds = new Set(listOfSubscribed);

checkboxes.forEach(function(checkbox)
var dataId = parseInt(checkbox.getAttribute(‘data-id’));
if (checkbox.checked)

selectedSubscriptions.push(checkbox.id);
storeCheckedId.push(dataId);
else

uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id

);

// Update listOfSubscribed with unique values
listOfSubscribed = Array.from(uniqueSubscribedIds);

var selectedSubscriptionsString = selectedSubscriptions.join(‘, ‘);
var concatinateSubscribeId = […new Set(storeCheckedId.concat(listOfSubscribed))];

var categoryData =
‘subscribed_categories’: concatinateSubscribeId
;

var requestSubscriberData =
action: ‘handle_dynamic_api_request_with_headers’,
security: ‘f06d4529d8’,

endpoint: ‘/app/email_newsletter/update_categories’,
token: ”,
data: categoryData
;

jQuery.ajax({
url: ‘https://coinpedia.org/wp-admin/admin-ajax.php’,
type: ‘POST’,
data: requestSubscriberData,
beforeSend: function(xhr)
xhr.setRequestHeader(‘X-Requested-With’, ‘XMLHttpRequest’);
,
success: function(response)
try
response = response.data;

if (storeCheckedId.length === 0)
var unsubcribedPopUpmodal =

`

You’ve Unsubscribed Successfully

We’re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community!

`;
unsubscribemodal.innerHTML = unsubcribedPopUpmodal;
document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
unsubscribemodal.style.display = ‘block’;
unsubscribemodal.classList.remove(‘hide’);
unsubscribemodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘block’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘none’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport)
showDownloadReport.style.display = ‘none’;

else

var subscribedPopupModal =

`

Thank you for subscribing!

Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!

`;

let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’);
let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]);
let subscribedCategoriesString = subscribedCategories.join(‘, ‘);

subscribedmodal.innerHTML = subscribedPopupModal;
if (document.getElementById(‘selectidname’))
document.getElementById(‘selectidname’).textContent = subscribedCategoriesString;

document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
subscribedmodal.style.display = ‘block’;
subscribedmodal.classList.remove(‘hide’);
subscribedmodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘none’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport)
showDownloadReport.style.display = ‘block’;

catch (e)
console.error(‘Error parsing response:’, e);

,

});
}

function closeModal(template_id)
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal

if (modal)
modal.classList.add(‘hide’);
modal.classList.remove(‘show’);
setTimeout(function()
modal.style.display = ‘none’;
, 500);

else
console.warn(‘Modal not found:’, modalId);

function closeunsubscribemodal()
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);

if (unsubscribemodal)
unsubscribemodal.classList.add(‘hide’);
unsubscribemodal.classList.remove(‘show’);

setTimeout(function()
unsubscribemodal.style.display = ‘none’;
, 500);

function closesubscribemodal()
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
setTimeout(function()
subscribedmodal.style.display = ‘none’;
, 500);
if (subscribedmodal)
subscribedmodal.classList.add(‘hide’);
subscribedmodal.classList.remove(‘show’);

function withoutLoginClicked(withoutlogin_id)

localStorage.setItem(‘subscribe_without_Login’, ‘true’);
localStorage.setItem(‘subscribe_clicked_id’, withoutlogin_id);

document.addEventListener(‘DOMContentLoaded’, function()

const subscribewithoutData = localStorage.getItem(‘subscribe_without_Login’);
const subscribe_clicked_cat_id = localStorage.getItem(‘subscribe_clicked_id’);

// Function to get cookies
function getCookie(name)
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();

// Get user token from cookies
const userToken = getCookie(‘user_token’);

if (subscribewithoutData === ‘true’ && userToken)
// Call the modal function with the category ID
subscribed_popupmodal(subscribe_clicked_cat_id);

See also  Warren urges Fed to activate countercyclical capital buffer

// Remove the flag and category ID from localStorage
localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);

);

/************************** update susbcriber content **************************** */
function initializeSubscriptionButton()
var initialListItems = document.querySelectorAll(‘.subscription-options input[type=”checkbox”]’);
initialListItems.forEach(function(item)
console.log(item.checked, ‘Initial Checkbox checked status’);
);

var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

var anyActive = false;
listItems.forEach(function(item)
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox)
if (checkbox.checked)
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
else
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked

);

function updateButtonText(anyActive)
var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’);
if (subscribeButtonSpan)
if (anyActive)
subscribeButtonSpan.textContent=”Subscribe Now”;
else
subscribeButtonSpan.textContent=”Unsubscribe”;

function updateSubscriptionButton()
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

var anyActive = false;
listItems.forEach(function(item)
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox)
if (checkbox.checked)
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
else
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked

);

// Update the button text based on whether any list item has the ‘active’ class
updateButtonText(anyActive);

document.addEventListener(‘click’, function(event)
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem)
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox)
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();

);

FAQs

No results found for ““