Have you all noticed that Ethereum's supply is experiencing a shocking reversal recently? 🤯 In just four months from June to now, the 'stockpiling actions' of whales and large holders have completely rewritten the market landscape of ETH!
What exactly happened? Let's break it down together! 👇
🐋 Whales are sweeping up! ETH holdings have doubled in four months.
Since June 2025, wallet addresses marked as 'accumulating' have been crazily increasing their positions, with the amount of ETH they hold skyrocketing from 13 million to 28 million! 💥
You have to know that there have indeed been steady accumulations of Ethereum over the past few years, but this time it’s completely in 'accelerated run' mode. How fast is it? It's like a person who was slowly enjoying hot pot suddenly turns into a mad woman frantically grabbing items in a supermarket, with a shopping cart that can't hold anymore! 😱
This sends a clear signal: large funds are accelerating their entry, locking in their positions in advance.
When whales are buying crazily, the circulating supply of ETH in the market will be significantly reduced. In other words, the ETH that can be 'bought' in the open market is becoming less and less, increasing the likelihood of passive price increases in the future. 📈
🏦 Grayscale is taking action? Or staking 1.5 million ETH?
Here comes the more explosive news! Recently, there are rumors that Grayscale may stake a portion of its assets, totaling 1.5 million ETH.
It should be noted that Grayscale is one of the largest and most regulated crypto investment institutions in the U.S. If this action becomes a reality, it means:
This is the first Ethereum ETF listed in the U.S. that truly participates in network staking! 🚀
It's not just about 'buying and holding', but directly 'getting on board to mine for profits'!
What consequences will this bring? Very simply: the staked ETH will be locked, unable to circulate freely in the market, effectively withdrawing a large chunk of liquidity! It's like throwing a 'liquidity black hole' into the market; the more it is locked, the less there is, and the scarcer it becomes. 💎
So, Grayscale's actions are not just symbolic, but will actually impact the supply and demand balance of ETH.
📉 But the ETH market suddenly cools down?
Interestingly, while the supply side is tightening, the price of ETH seems to be a bit 'stuck' in the short term.
As of the time of this report, Ethereum has dropped to $4524, a decline of 1.41% for the day. The RSI indicator also shows that buying pressure is weakening, and momentum is becoming neutral. 📊
The MACD line is almost flat, indicating a weak market direction. Simply put: the current ETH is like a coiled spring, which might suddenly bounce up in the next second or continue to stall in place.
The trouble is that sellers are starting to cash out, which may suppress the rise of ETH in the short term. Unless new funds and buyers quickly intervene, the price is likely to fall into a consolidation phase.
🚀 What’s next? Soaring or a roller coaster?
Logically speaking:
Whale buying → Reduced circulation → Increased scarcity → Long-term price benefits
Grayscale staking → Further withdrawal of supply → Institutions deeply bind to the Ethereum network
These two points are almost a super bullish signal for ETH! ✨
However, short-term market sentiment is relatively weak, and price movements are constrained by selling pressure, inevitably leading to fluctuations and corrections. In other words, in the coming weeks #ETH there may be a 'tug-of-war', but in the medium to long term, changes in the supply side will eventually be reflected in the price.
In short: ETH is now holding back a big move! Whale buying + Grayscale staking, once it erupts, could lead to a super market trend! 🚀💎🙌#山寨季将至？
