$ETH focuses on on-chain data analysis of the cryptocurrency market, covering the latest developments of Ethereum (ETH) and Litecoin (LTC). Recently, Ethereum has experienced significant on-chain fluctuations: first, it has undergone 84 days of continuous net outflows from staking, with a total of 34 million ETH withdrawn, marking the longest outflow period since the upgrade, yet the price of ETH has still risen by 3.74%; second, due to the Bybit hacking incident, hackers transferred approximately 514,000 ETH (valued at $1.429 billion) by altering the logic of a multi-signature cold wallet smart contract, raising concerns in the market about the safety of funds and vulnerabilities in smart contracts, with users commenting that the stolen funds from the cold wallet are "difficult to recover." On the other hand, Litecoin has seen its daily trading volume surge to $9.6 billion on February 21, 2025, driven by expectations of ETF approval, yet its price has dropped by 1.53%, indicating a divergence between market sentiment and actual value.