Analysis: Ethereum on-chain data reaches historical high in June 2025, institutional investors entering the market on a large scale

According to ChainCatcher, analyst Carmelo Alemán cited CryptoQuant data indicating a strong accumulation trend in Ethereum on-chain data for June 2025. The cumulative address holdings reached 22.7465M ETH, an increase of 35.97% since the beginning of the month, with a record monthly purchase volume of 6.0184M ETH. At the same time, the Liquid Staking scale broke through 35.56M ETH, setting a new historical high with a monthly growth of 2.83%. Analysts suggest that this indicates institutional investors are entering the market on a large scale, building momentum for subsequent price increases.