BULLISH 📈 : Ethereum whales accelerate withdrawals signaling accumulation phase

Key Insights on Ethereum Whale Activity and Staking

Ethereum whales are actively accumulating despite a downtrend in ETH price, suggesting a positive long-term outlook.
ETH withdrawals from exchanges have reached their highest since October last year, totaling over $400 million. This indicates increased demand as supply dwindles.
Recent data shows net Ethereum outflows exceeding 220,000 ETH, marking significant movement to private wallets or long-term storage, often linked to accumulation phases.
Binance saw daily net outflows of nearly 158,000 ETH on February 5, confirming large-scale withdrawal activity at exchanges with deep liquidity.
This withdrawal behavior coincides with ETH trading near the $1,800-$2,000 range, seen as attractive for holding amid market downturns.
The continued outflow reduces immediate selling pressure, potentially supporting ETH prices if market momentum returns.

Ethereum Staking Developments

Ethereum staking has surpassed 30% of total supply, setting a new all-time high in staking ratio.
Around 36.8 million ETH (approx. $72 billion) is now staked, with nearly 1 million validators enhancing network security.
The staking exit queue stands at about 4.1 million ETH, minimal compared to the staked amount.
Current staking demand suggests a significant supply restriction, acting as a bullish catalyst for ETH prices.
At present, it takes around 72 days to stake ETH due to heightened demand.

As of the latest update, Ethereum trades at approximately $1,965, reflecting a decrease over the last 24 hours.