In accordance with AMBCrypto, Ethereum has seen over 745,000 ETH queued for staking, the first positive inflow in six months. Exchange balances are falling at the fastest pace in the cycle, while institutional activity, including large ETH purchases and growing ETHA (BlackRock’s ETF) long positions, signals increasing confidence in Ethereum’s long-term potential.
Ethereum Sees 745K ETH Locked for Staking Amid Positive Institutional Flows
AMBCryptoShare
Summary
Ethereum staking demand hit 745,000 ETH, the first inflow in six months. Exchange balances are dropping fast, while TA for crypto shows strong institutional buying. Large ETH purchases and rising ETHA longs point to growing confidence. Value investing in crypto is gaining traction as ETH’s long-term appeal rises.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.