Ethereum demonstrates strong market positions, recording growth in staking and accumulation among long-term holders. These changes emphasize investor confidence in the asset's future.
Record Growth in Ethereum Staking
According to CryptoQuant data, over 500,000 ETH were added to staking contracts in the first half of the month, setting a new all-time high. This signals a growing investor conviction in the asset.
Declining Liquid Supply of Ethereum
The rise in staking contributes to a continued decline in Ethereum’s liquid supply, suggesting that long-term holders are increasingly opting for yield-generating strategies instead of active trading.
Long-term Accumulation and its Significance
In addition, Ethereum accumulation addresses, which have no selling history, have also recorded an all-time high, now collectively holding 22.8 million ETH. These addresses serve as an indicator of confidence in the long-term value of Ethereum.
Together, these two metrics underscore Ethereum’s strengthening fundamentals and its perceived resilience in the crypto market. The retention of assets and rise in staking reflect investor confidence in ETH's value.
