Analysis: Ethereum on-chain data hits record high in June 2025, institutional investors enter the market on a large scale

According to ChainCatcher, analyst Carmelo Alemán cited CryptoQuant data and pointed out that the Ethereum on-chain data in June 2025 showed a strong accumulation trend. The cumulative address holdings reached 22.7465M ETH, an increase of 35.97% from the beginning of the month, and the monthly purchase volume reached a record high of 6.0184M ETH. At the same time, the scale of Liquid Staking exceeded 35.56M ETH, a record high, with a monthly increase of 2.83%. Analysts said that this shows that institutional investors are entering the market on a large scale, accumulating momentum for subsequent price increases.