Ethereum Staking Reaches 36.1 Million ETH, Highest Level in History
Ethereum (ETH) staking has reached a record of nearly 36.1 million ETH, representing about one-third of its circulating supply. This surge in staking indicates a potential structural supply shock.
- Staking levels have increased even during market downturns, suggesting investor commitment to locking ETH rather than selling.
- Higher staking leads to reduced liquid supply on exchanges, potentially amplifying price movements.
- Recent ETH rally to $4,500 coincided with these record staking levels, creating a feedback loop of institutional inflows and upward pressure on prices.
ETH ETFs now hold over $300 billion in assets, reflecting Ethereum's transition from a speculative asset to an institutionally supported infrastructure layer. Positive inflows into U.S.-based spot ETH ETFs have been consistent since mid-May.
- Analysts highlight the divergence between Bitcoin’s selling dominance and Ethereum’s structural supply reduction.
- Some risks remain, as ETH's price has not fully aligned with its network activity, indicating it may still be in an accumulation phase.
- Current ETH trading price stands at $4,606, showing a 2.5% increase in the last 24 hours.
