ETF flows and treasury stacking are squeezing liquid supply — reserves have gone parabolic since mid-July, a textbook setup before price discovery accelerates.
📊 Macro Lens: With $ETH trading at $4,452, deepening institutional positioning means every outflow tightens sell-side liquidity — reinforcing the bullish market structure while muting downside risk.
⚡ Trend Signal: Momentum remains firmly bullish. Supply shock dynamics imply breakouts could ignite sooner — and sharper — than most anticipate.
