Bybit Traders Eye ENA’s $0.80 Target as Arthur Hayes Makes Major Purchase
Former BitMEX CEO Arthur Hayes has made a significant purchase of 1.22 million Ethena (ENA) tokens, valued at approximately $257,500, signaling strong confidence from a heavyweight crypto figure. This move, often seen as a precursor to broader market interest, comes as ENA shows signs of technical stabilization and potential for a substantial rebound. The token has recently consolidated between the $0.19 and $0.28 price range following a period of volatility, with key momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) hinting at a bullish turn. For traders on platforms like Bybit, this development presents a compelling narrative: a respected industry veteran is placing a sizable bet on ENA's future just as its chart structure firms up. The reported price target of $0.80 represents a multi-fold increase from current levels, suggesting Hayes and other analysts see significant upside potential. Such high-profile accumulation can catalyze both retail and institutional interest, potentially increasing trading volume and liquidity on major exchanges. The stabilization in price action, coupled with improving technical indicators, provides a more defined risk framework for traders looking to position themselves alongside this smart money move. As of late December 2025, the crypto market continues to watch for signals from influential figures, and Hayes's latest accumulation is a notable vote of confidence in Ethena's underlying protocol and its role within the decentralized finance (DeFi) ecosystem. This activity underscores the importance of monitoring both fundamental catalysts, like insider buying, and technical analysis when assessing opportunities on trading venues such as Bybit.
Ethena (ENA) Price Targets $0.80 as Arthur Hayes Buys 1.22 Million Tokens
Arthur Hayes, former BitMEX CEO and a heavyweight in crypto circles, has acquired 1.22 million ENA tokens worth approximately $257,500. This move signals confidence from a seasoned market player, often a precursor to heightened retail and institutional interest.
Technical indicators suggest a potential rebound for ENA. The token has stabilized between $0.19 and $0.28 after recent volatility, with RSI and MACD turning bullish. Strong support at $0.18 forms an accumulation zone, while upside potential targets $0.80.
Market analysts note such high-profile investments can shift sentiment, particularly during periods of volatility. Hayes' track record of bold market moves lends credibility to ENA's recovery narrative.
Bybit Exits Japan: What This Major Move Means for Traders in 2026
Bybit, a major cryptocurrency exchange, will begin a phased withdrawal from Japan starting in 2026. The decision follows years of regulatory challenges with Japan’s Financial Services Agency (FSA), which has repeatedly targeted Bybit for operating without a license. The FSA issued warnings to the exchange in May 2021, March 2023, and November 2024.
Japanese users must complete Level 2 KYC verification, including address verification, by January 22, 2026, to avoid account restrictions. Those mistakenly identified as Japan residents can maintain access by updating their KYC details before the deadline. The MOVE reflects broader regulatory tightening in Japan, where amendments to the Financial Instruments and Exchange Act have increased scrutiny on foreign crypto exchanges.
Bybit’s exit mirrors actions by other exchanges facing Japan’s stricter crypto regulations. The phased withdrawal aims to ensure a smooth transition for affected users, though detailed procedures for Japan residents remain pending.
