Derived from MarsBit, the report highlights that Wall Street is increasingly building positions in Ethereum as the market recovers from the 10/11 crash. The U.S. SEC Chair Paul Atkins emphasized the inevitability of tokenization in financial services, with Ethereum positioned as the core chain for real-world assets (RWA) and stablecoin infrastructure. The Fusaka upgrade is seen as a milestone in Ethereum’s value capture mechanism, with blob fees now contributing over 98% of ETH burns. ETH’s on-chain metrics, including low exchange supply and reduced leverage, suggest a potential short squeeze and improved buying opportunity.
Wall Street Quietly Accumulates ETH Amid Market Recovery and Ethereum Upgrades
MarsBitShare
Summary
Market sentiment turns bullish as Wall Street quietly accumulates ETH during the post-10/11 recovery. SEC Chair Gary Gensler recently backed tokenization, with Ethereum leading in RWA and stablecoin infrastructure. The Fusaka upgrade boosted ETH’s value capture, with blob fees now covering 98% of burns. On-chain data shows low exchange supply and weak leverage, hinting at a short squeeze near key support and resistance levels.
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