Ethereum continues to amaze the market with over 35.35 million ETH currently staked. This historic figure indicates that investors prefer to hold their assets for the long-term, reducing liquidity in the crypto market.
Record ETH Staking
Since the launch of The Merge, the staking contract has reached a significant milestone. Currently, 35.35 million ETH are locked on the network, equivalent to 89.1 billion dollars. This represents over 20% of Ethereum’s market capitalization, a level never reached before. Despite the fact that the ETH price has dropped by 23% since the beginning of the year, this does not seem to deter institutional investors.
Rise of Accumulation Addresses
Accumulation addresses that have never sold ETH have reached 22.8 million units. This reflects a growing confidence in the future of the crypto network and underscores the idea of 'strong hands'. These wallets reinforce the concept of an imminent imbalance between supply and demand.
Outlook and Conclusions
The combination of high staking, declining liquidity, and durable accumulation paints a clear picture: Ethereum is becoming an increasingly scarce asset. Some analysts view this as latent bullish pressure, temporarily masked by a market correction. Investor behavior indicates that Ethereum is undergoing a structural transformation, and it may soon surprise the market.
In summary, Ethereum shows signs of resilience despite short-term price fluctuations. With increasing staking and asset accumulation, the potential for ETH remains strong in the market.
