Whales and institutions spent their time inside this bullish pennant until $ETH touched the launchpad we are sitting on now.

Have you onboarded yet?

Public companies now hold around 6.87M ETH, about 5.69% of total supply, worth roughly $15.8B–$16.2B.

Bitmine Immersion alone holds around 4.87M–4.9M ETH, about 4.04% of supply, and is pushing toward 5%.

Spot ETH ETFs have already pulled in about $11.8B in cumulative inflows, with total AUM near $13.7B.

BlackRock alone holds around 2.9M–3M+ ETH.

Whales have also been buying aggressively, especially around the $1,950–$2,400 range.

At the same time, ETH on centralized exchanges keeps dropping.

That means institutions are buying, whales are accumulating, and liquid supply is shrinking.

This is how a supply squeeze gets built.

$ETH is not sitting here on the launchpad by accident. 🚀

#KelpDAOFacesAttack #AltcoinRecoverySignals? #ARKInvestReducedPositionsinCircleandBullish #CharlesSchwabtoRollOutSpotCryptoTrading