ETH Supply Shock: Staking Absorbs Record Ethereum Reserves Amid Rally
Record amounts of ETH are being withdrawn from exchanges for staking even as prices rally, signaling strong bullish intent and reduced immediate selling pressure.
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Record amounts of ETH are being withdrawn from exchanges for staking even as prices rally, signaling strong bullish intent and reduced immediate selling pressure.
Bitcoin’s large holders (sharks and whales) increased by 3.9% over three months despite recent price declines, signaling strong bullish sentiment from key investors amid short-term volatility.
Bitcoin fell over 1% to $108,200 but key on-chain metrics and bullish chart patterns suggest selling pressure is easing, indicating a potential short-term rebound if resistance at $111,500 is overcom…