$ETH catches institutional upgrade

🔵 Week for ETH — just cosmos: a stablecoin-friendly bill has been approved, BlackRock has filed for an ETF for staking, and Tom Lee's fund plans to buy 5% of all ETH. Institutions are really coming in, and their holdings have increased by 75% since 2022.

Facts about the ETH market:

🦯 Daily issuance: a total of 2,008 coins

🦯 Demand from ETFs: 231,000 ETH per day

🦯 Open interest in derivatives: $50.3 billion

🦯 In staking: almost 30% of all ETH

🦯 OTC desks are emptying, balances on exchanges are at a minimum in 8 years

🦯 If ETH breaks $3,800 — short sellers will be liquidated for $1 billion.

🔵 The market is changing: not speculation, but a bet on infrastructure. Ethereum is no longer just an altcoin, but the main blockchain for big money.