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Bitcoin: Is an explosive rise on the horizon? 5 key signals pointing to an increase.

$BTC Is the stage set for the next big move in the price of Bitcoin? A recent analysis suggests that several powerful forces are aligning, which could take the leading cryptocurrency to new heights. If you are watching the cryptocurrency market, it is crucial to understand these underlying dynamics.

A deep dive into the technical and on-chain data reveals five compelling signals pointing towards a potential continued bullish trend for Bitcoin. These factors are not isolated events; they represent changes in market structure and investor behavior that have historically preceded significant price appreciation. Let's analyze what these signals are and why they are important for Bitcoin's future trajectory.

Signal 1: Sustained accumulation by whales

One of the most telling signs of confidence in smart money is the behavior of large holders, often referred to as "whales." These entities control large amounts of Bitcoin, and their movements can significantly influence market dynamics. Recent data indicates a sustained pattern of accumulation by these large wallets.

What does this mean?

Reduction of supply on exchanges: When whales move Bitcoin from exchanges to cold storage, it indicates an intention to hold it long-term, reducing the available supply for sale. Confidence in future price: Accumulation suggests that these big players believe the current price is attractive and expect it to increase significantly in the future. They are not selling into strength; they are buying dips or consistently accumulating. Market strength: The sustained buying pressure from large players provides a solid foundation for price support.

#TradingTypes101 Bitcoin wavers after court ruling invalidates Trump's tariffs.


Bitcoin experienced slight instability

following a surprising decision by the U.S. International Trade Court that annulled the tariffs imposed by President Donald Trump. The ruling, which considers these tariffs an overreach of power under the International Emergency Economic Powers Act (IEEPA), caused a reallocation of capital towards traditional stock markets, momentarily weakening the momentum of the leading cryptocurrency.

A ruling with global economic implications

The court determined that Trump acted without the proper authorization from Congress when imposing widespread tariffs, which violates the legal framework regulating U.S. trade policy. As a result, the government was ordered to cease the implementation of these taxes within 10 days. However, the administration has appealed, and an appeals court allowed them to remain provisionally while the final legality of the measure is assessed.

This ruling immediately impacted Wall Street: Nasdaq futures climbed 1.4%, the S&P 500 advanced 1%, and the Dow Jones rose 0.4%. The strengthening of traditional markets led to a partial capital exit from the crypto market, temporarily affecting the price of Bitcoin, which fell slightly to settle around $106,000.

#Square "THE GREAT SCAM"
if you receive a coupon of 1000 USDT, cross margin, ( DO NOT ACTIVATE IT ) your cryptocurrencies in your different wallets will disappear instantly 👇in the photo you can see the balance of my crypto once I activated that coupon of 1000 USDT, I started to make some profits so I became confident and turned off my phone to dedicate myself to other tasks, half an hour later I turned my phone back on and all my balance had disappeared.

I researched the benefit of the coupon and it said that I would be reimbursed the amount of the commissions 24 hours after activation, I waited patiently and I received another coupon for a ridiculous amount in BNB, as can be seen in the photo resulting from the supposed commission reimbursement.

How is it possible that BINANCE, being a prestigious platform, is dedicated to scamming users with coupon rewards ( TO STEAL THEIR CRYPTOCURRENCIES ) in a vulgar and shameless way.

"I MAKE THE CALL TO CONSCIOUSNESS AND DO NOT CONTINUE AFFECTING THE USERS OF THE PLATFORM WHO HAVE DEPOSITED OUR TRUST IN THIS EXCHANGE COMPANY"

-The increase in Ethereum is attributed to short covering, according to the data.

The latest data shows that the price of Ethereum jumped from $2,200 in mid-April to $2,600 in May 2025, marked by the closing of short positions by traders. "The recent surge in ETH's price is primarily due to short position covering rather than new demand or new long positions."

The recent increase in Ethereum lacks the characteristics of a true breakout, such as high gas fees, indicating limited demand from the ecosystem. Additionally, futures premiums remain lower than in previous rallies, indicating a cautious institutional stance.

The rise in Ethereum prices has had a significant impact on traders and markets, but many remain skeptical about sustainability. Without an increase in institutional investment, it may be difficult to maintain market momentum.

Financial analysts observe the need for new ETF inflows and leveraged futures purchases to support this rally. Long-term sustainability depends on a shift in institutional behavior towards greater exposure.

Possible outcomes of Ethereum's price movement include volatility in market sentiment, adjusting investors' strategies. Historical trends imply that without fundamental demand, the sustainability of the rally is uncertain. Expert analyses indicate cautious optimism and the need for solid institutional backing.

#EthereumSecurityInitiative Prediction of Ethereum price for 2025: Will ETH surpass 10 thousand dollars or be surpassed by Ozak AI?

Ethereum aims for $ 10K for 2025, but Ozak AI at $ 0.003 could offer 300x gains. Explore whether this AI-driven altcoin can surpass ETH in the upcoming cryptocurrency bull run.

Cryptocurrency buyers are closely watching the trajectories of established assets like Ethereum (ETH) and emerging projects including Ozak AI (OZ). With Ethereum's current price around USD 2,537.10, questions arise about its potential to reach USD 10,000 by 2025, while the formidable targets of Ozak AI spark discussions about its potential to rival or surpass Ethereum in the coming years.

Prediction of Ethereum price for 2025: Will ETH surpass 10,000 dollars?

Ethereum (ETH) ranks second on CoinMarketCap in terms of market capitalization. The assessment of the price prediction for Ethereum in 2025 is explained below within a daily timeframe.

The above chart of Ethereum indicates a descending channel pattern. A descending channel is a bearish chart pattern created by two trend lines with a downward slope, indicating a bearish trend. The upper trend line acts as resistance, while the downward line serves as support, with price movement oscillating within this channel.

At the time of analysis, the price of Ethereum (ETH) was recorded at $2,530. If the trend of the pattern continues, then the price of Ethereum could reach resistance levels of $3,792 and $4,113. If the trend reverses, then the price of ETH may fall to support at $1,414.

Deltec Bank projects that ETH will reach USD 10,000 by the end of 2025, citing factors such as Ethereum's transition to proof of stake and anticipated inflation in fiat currencies.

$BNB - THIS PUBLICATION IS ONLY A COMMENT ON MY BAD EXPERIENCE AS A TRADER.

I have been trying to gain experience in the trading field for approximately 5 months, I have invested and lost, but I continue with the insistence of being able to trade more easily, using techniques and strategies that will help me obtain the basic and practical knowledge to master the art of TRADING.

In the photo 👇 below inside the circle, one of the biggest frustrations that discourages any beginner can be seen; I entered at 0.2007 at the exact moment the "ema" lines (Moving Averages) crossed, the bullish trend reverses and drops which leads to losses.

This has repeated itself in almost all my trades, so I researched other exchange platforms and it always happens the same way. This made me reflect that I was entering too early, so I changed the technique and it worked for me.

After exploring almost all the memecoins, I was able to verify that to obtain good profits, it should be done with the favorite cryptocurrencies: BTC, ETH, BNB; nowadays I am only investing in BNB, which has given me good profits.

FOLLOW THIS ADVICE AND DO YOUR OWN RESEARCH, by conducting market analysis, studying charts and candlesticks, staying informed about crypto market news, and using only X 5 leverage, and you will start to see results in your wallet.

#BinancePizza - Pi Network closes its central node and plans to release its source code, advancing its decentralization efforts.

Pi Network aligns its announcement with Consensus 2025, creating excitement about its potential ecosystem shift. The growing transparency of Pi Network seeks to generate trust, although concerns about centralization and token control persist. The core team of Pi Network has officially closed its central node, marking a significant move towards decentralization.

This comes after the network promised an important ecosystem announcement aligned with the Consensus 2025 event in Toronto, which begins today.

Pi Network closes central node before source code revelation.

It is reported that the core team of Pi Network has closed its central node, taking a significant step towards decentralization. The network also announced plans to release its source code.

"The Pi core team has closed the central node, ready to release the source code. Pi Network will definitely shake up the Consensus 2025 event," shared Pi Network VietNames on X (Twitter).

The post highlighted the closure of the central node and showcased a network diagram that seems to confirm its removal. The move aligns with the network's long-term mission to transition from a centrally controlled project. It moves towards a fully decentralized blockchain secured by its proprietary IPoS (Improved Proof of Stake) consensus mechanism.

"No more FUD about centralized scams or hidden logic. If there’s a flaw or a backdoor, you will know. If the consensus model is secure, you will see it. This is credibility in blockchain," explained Web 3 researcher and Pi advocate, Tanner.

The planned release of Pi Network's source code could enhance transparency and community trust. This comes amid long-standing concerns about the actual state of decentralization of the project.

#CryptoRegulation - At the moment the offer ceases, the price of XRP will resume the upward movement.

From a technical analysis perspective, there are signs of a possible breakout to the upside for the price of the crypto asset.

The third largest cryptocurrency by market capitalization, XRP, closed its fifth consecutive week with a positive return. This continuity marks a consolidation of momentum, which offers a good signal for its quotation, while its speculative market begins to reactivate.

According to data from Binance (the largest cryptocurrency exchange in the world) shown by the CryptoQuant explorer, the open interest — which measures the capital in active futures contracts — of XRP has been consistently increasing for a month.

Until then, the open interest of XRP was declining after reaching a historical high of 1.5 billion dollars (USD) at the end of last year.

This suggests a renewed appetite from traders to position themselves in this market and possibly greater price volatility ahead, warns analyst and trader, Boris Vest.

The funding rate — an indicator that reveals the bias of traders in futures contracts — remains in neutral territory, reflecting an apparent balance between bullish and bearish bets. This reflects an improvement in market sentiment, as it was negative before the price rally.

Meanwhile, the taker buy/sell ratio on Binance, which measures who takes the initiative in buyer and seller operations, is at values below 1, reflecting strong selling pressure in the market, as seen below. However, this is not generating a negative impact on the price.

#squarecreator - Ethereum regains momentum: What is behind the renewed interest? The Pectra update as a key catalyst.

$ETH - One of the reasons behind the renewed interest in Ethereum is the recent implementation of the Pectra update. This technical upgrade has been considered by many analysts as a fundamental advance for the Ethereum ecosystem, improving aspects such as scalability, efficiency, and security of the network.

Min Jung, analyst at Presto Research, commented on this:

"ETH is finally regaining ground after lagging behind BTC for most of the year. The recent Pectra update has helped restore some confidence."

It is no coincidence that Ethereum experienced a 20% increase last week, surpassing $2,200, right after the update. According to The Block, ETH was trading at $2,614.33 on Tuesday afternoon, marking a daily surge of 6%.

ETH/BTC and the historical lag that begins to correct

For much of 2024, Ethereum has lagged behind Bitcoin's performance. The ETH/BTC pair was down 40% so far this year, trading around 0.02. This relative undervaluation has been seen by many institutional investors as an entry opportunity, something confirmed by the purchase of Abraxas.

As Jung pointed out, "it's not surprising to see buyers coming in at these levels" given the historical differential between the two assets. Recent behavior suggests that Ethereum may be entering a phase of "revaluation" against Bitcoin.

#TrumpTariffs - Abraxas Capital invests nearly $500 million in Ethereum in six days and boosts market optimism.

Amid a recovering crypto landscape, a major fund manager based in London has caught the attention of the financial ecosystem: Abraxas Capital Management has invested close to $500 million in Ethereum (ETH) in just six days, according to on-chain data compiled by Lookonchain and Arkham Intelligence. This move has not only rekindled institutional investors' interest in Ethereum but has also positively impacted market sentiment, which is looking for signs of sustained recovery after months of consolidation.

In this report, we break down the scope of this purchase, the macroeconomic context surrounding it, the effect on Ethereum's price, the key role of the Pectra upgrade, and the implications for the immediate future of the second most important cryptocurrency in the market.

Who is Abraxas Capital and why is it betting heavily on Ethereum?

Abraxas Capital Management is an alternative asset manager based in London, specializing in investments in emerging markets and opportunistic strategies. Although it is not known for having a strong presence in the crypto sector, its recent massive activity in Ethereum has caught the attention of analysts and specialized media.

According to data from Lookonchain, Abraxas has accumulated 211,030 ETH, valued at approximately $477.6 million, in just six days. In a 12-hour period alone, the firm purchased 33,482 ETH, equivalent to $84.7 million.

This type of institutional movement not only validates Ethereum as a strategically interesting asset but also provides significant backing to the market at a time of high volatility.

$BTC - Although Bitcoin may experience short-term fluctuations, Dragosch remains "very bullish" for the rest of 2025, he told Cointelegraph during the Chain Reaction daily program on X on May 12.

What will happen to bitcoin after the new inflation data in the U.S.? The consumer price index in the United States increased in April, but it was lower than expected.

Bitcoin remains around $104,000.

The U.S. tariff war had a limited impact on prices.

The consumer price index (CPI) in the United States showed a moderate increase in April compared to the previous month, but below market projections.

This data, combined with the recent easing in the tariff war between the U.S. and China, has created a favorable environment for bitcoin, which reached $104,000.

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The U.S. Bureau of Labor Statistics reported that the core CPI, which excludes food and energy, reached 2.3% year-on-year in April, one-tenth lower than in March. On a monthly basis, the indicator grew by 0.2%, after a decrease of 0.1% the previous month, against an analyst forecast that expected a rebound of 0.3%.

The annual rate of the core CPI stood at 2.8%, in line with market expectations and at its lowest level since March 2021. These numbers indicate that inflationary pressure remains contained, at least in the short term.

$BTC - Institutional demand for Bitcoin is growing, as Coinbase, the third largest cryptocurrency exchange in the world, recorded its largest daily outflow of Bitcoin in 2025 on May 9.

Coinbase saw 9,739 Bitcoin (BTC) withdrawn from the exchange, worth over USD 1 billion, the largest net outflow recorded in 2025, according to Bitwise's head of European research, André Dragosch.

"Institutional appetite for Bitcoin is accelerating," Dragosch added.

The outflow occurred when Bitcoin was trading above USD 103,600 and just days after the White House announced a 90-day reduction in reciprocal tariffs between the United States and China, easing market concerns and boosting broader investor sentiment.

The 90-day suspension of additional tariffs removes the risk of a "sudden resurgence," which could help Bitcoin, altcoins, and the stock market in general to recover due to improved risk appetite, said Nansen's chief research analyst, Aurelie Barthere, to Cointelegraph.

Corporate investment in Bitcoin could trigger a supply shock

The growing demand from institutional investors and companies could lead to a decrease in the supply of Bitcoin on exchanges, indicating a potential price surge driven by a "supply shock," which occurs when buyer demand meets a decrease in available BTC, leading to price appreciation.

"Just in 2025, corporations have bought four times more Bitcoin than all combined U.S. spot Bitcoin ETFs, which is crazy," he said. "We are already close to 200,000 Bitcoin, which is the annual supply of new Bitcoin."

Despite the bullish backdrop, Dragosch noted that the cryptocurrency market may still see short-term corrections due to what he described as overheated investor sentiment.

#CryptoCPIWatch - Pi Network (PI) skyrockets 140% amid listing rumors on Binance.

The price of Pi Network (PI) has experienced a remarkable increase of over 140% in the last week, putting the cryptocurrency in the spotlight. This surge has been driven by speculation about a possible listing on Binance, the largest cryptocurrency exchange globally.

Although there has been no official confirmation from the exchange, rumors and certain movements in the network have excited investors.

Why has the price of Pi Network (PI) surged?

A week ago, Pi Network made an announcement that caused a stir in its community. The official team of the project revealed that the Pi Network ecosystem would be officially presented on May 14th.

At that time, the PI token was trading at around $0.57 after a long phase of consolidation and price decline. This message unleashed a wave of speculation, and one of the most widespread rumors was its possible listing on Binance.

In February 2025, Binance conducted a survey to find out if its users wanted PI to be available on the platform. Although the voting results were mostly positive, there have been no official confirmations to date.

However, what has fueled speculation the most is Binance's behavior in recent weeks. Some users noticed that the exchange was experimenting with deposits and withdrawals of PI, suggesting that the inclusion of the cryptocurrency on the platform could be very close.

As rumors gained momentum, the price of PI began to rise rapidly. In just a few hours, the token went from $0.60 to over $1, and then continued its ascent to surpass $1.47, marking an increase of 147% in just a few days.

#CryptoRoundTableRemarks - United States: New Hampshire is the first state to approve a Bitcoin Strategic Reserve law

The new law allows the state to invest up to 5% of public funds in a digital asset that has at least $500 billion in market capitalization, which currently leaves Bitcoin (BTC) as the only eligible asset.

After several failed attempts, New Hampshire has made history by becoming the first state to approve a "Bitcoin Strategic Reserve" bill.

Governor Kelly Ayotte signed the HB 302 law on May 6, which allows for the investment of a portion of the state's public funds in cryptocurrencies and precious metals.

The announcement communicated through Governor Ayotte's account on the social network X provides a forward-looking political framework that reflects the Satoshi Action model for creating a reserve fund of Bitcoin and digital assets.

The state has outpaced several others this year, as what had begun as a push from state legislators encountered obstacles in recent weeks. By being the first to authorize its treasurer to create such a reserve, New Hampshire could very well also get ahead of the federal government in forming a reserve.

The new law allows the state of New Hampshire to invest up to 5% of public funds in a digital asset that has at least $500 billion in market capitalization, which currently leaves Bitcoin (BTC) as the only eligible asset.

$BTC - Inspections by the Tax Agency of Spain against bitcoin users begin.


The Spanish Tax Agency has initiated a series of inspections aimed at bitcoin (BTC) users and other cryptocurrencies, marking a new chapter in its fight against tax evasion. This move, which is already causing a stir among investors, is based on the cross-referencing of data obtained from third parties, such as cryptocurrency exchanges, which must now report their users' transactions under strict European regulations.

Cristina Carrascosa, a lawyer specialized in cryptocurrencies and a prominent voice in the sector, alerted through her account on X about the tax offensive: "The Tax Agency is targeting all non-prescribed years, from 2020 to 2023, not only for the Personal Income Tax (IRPF) but also for the Wealth Tax."

Carrascosa, who has been advising in this field for over a decade after discovering Bitcoin in 2012, emphasized that taxpayers must regularize their situation to avoid severe penalties.

The Spanish government, thanks to tools like Models 172 and 173 implemented since 2024, now has detailed knowledge of the balances and value of each currency, as well as the cryptocurrency transactions made by investors, as reported by CriptoNoticias.

The regulations require centralized exchanges to report transactions, allowing the Tax Agency to cross-reference data with taxpayers' tax returns. Furthermore, the recent full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA) in 2025 has standardized the supervision and taxation of cryptocurrencies, facilitating this type of inspection.

The inspections focus on two main fronts. On one hand, the Tax Agency seeks to ensure that capital gains derived from cryptocurrency transactions – such as purchases, sales, exchanges on exchanges, or transfers to wallets – have been declared in the IRPF. In Spain,

$BTC - This is the reason why the undervaluation of Bitcoin persists, despite the realization of profits, according to THIS indicator.

The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) of Bitcoin indicates a possible profit-taking phase. The MVRV-Z score suggests that Bitcoin is undervalued, pointing to a potential long-term rebound.

Bitcoin [BTC] has shown impressive performance, surpassing the accumulation range of USD 85K to USD 70K to reclaim the milestone of USD 100K.

According to previous analysis backed by CryptoQuant data, this was a strong accumulation zone. However, as the market evolves, it may be time to rethink strategies. There are indications that a profit-taking phase may be on the horizon, as investors try to gradually and strategically distribute their positions.

Data from short-term holders indicate a profit-taking phase.

The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is a crucial on-chain tool for monitoring profit-taking activity among short-term Bitcoin holders. When the STH-SOPR enters the red zone, it generally indicates an increase in selling near local market peaks.

This does not necessarily imply that the Bitcoin rally is ending, but it does suggest a high-probability zone for gradual profit-taking. Historical market cycles reveal that red SOPR readings often correspond with euphoric phases.

For Bitcoin investors holding spot positions, it may be a good time to design a structured and step-by-step selling strategy. This approach would favor a strategic exit over an emotional one.

Generally, smart investors dispose of between 10% and 20% at key price milestones, providing the "ammunition" to sell at higher levels if the rally continues, while securing profits along the way.

$BTC - This is the reason why Bitcoin's undervaluation persists, despite profit taking, according to THIS indicator.

The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) of Bitcoin indicates a possible profit-taking phase. The MVRV-Z score suggests that Bitcoin is undervalued, pointing to a possible long-term rebound.

Bitcoin [BTC] has shown impressive performance, surpassing the accumulation range of USD 85K to USD 70K to recover the milestone of USD 100K.

According to previous analysis backed by data from CryptoQuant, this was a strong zone for accumulation. However, as the market evolves, it may be time to rethink strategies. There are indications that a profit-taking phase may be on the horizon, as investors try to gradually and strategically distribute their positions.

Short-term holder data indicates a profit-taking phase.

The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) is a crucial on-chain tool for monitoring profit-taking activity among short-term Bitcoin holders. When the STH-SOPR enters the red zone, it typically indicates an increase in sales near local market peaks.

This does not necessarily imply that Bitcoin's rally is ending, but it does suggest a high-probability zone for gradual profit-taking. Historical market cycles reveal that red SOPR readings often correspond with euphoric phases.

For Bitcoin investors holding spot positions, it may be a good time to design a structured step-by-step selling strategy. This approach would favor a strategic exit over an emotional one.

Generally, smart investors offload between 10% and 20% at key price milestones, providing "ammunition" to sell at higher levels if the rally continues, while securing profits along the way.

#squarecreator - Ripple, RLUSD and the future ETF: the triple bet that could change the XRPG game. Legal panorama, stablecoin strategy and Wall Street demand in a single market equation.

$XRP In less than a month, XRP went from being a token sidelined by legal uncertainty to being on the radar of institutional capital. The preliminary agreement between the SEC and Ripple, the possibility of a spot ETF driven by a giant asset manager, and the rapid adoption of the stablecoin RLUSD form a triangle of catalysts that could reconfigure the price and market narrative.

The shadow of the SEC dissipatesDraft settlement: on May 8, the SEC submitted a proposal that would include a moderate fine and no operational restrictions, triggering a surge of more than 12% in XRP.Withdrawal of appeals: both the SEC and Ripple dropped their cross-appeals, clearing the way for a definitive resolution before the northern summer.

Why does it matter? Once the litigation is settled, XRP could return to U.S. exchanges and serve as an underlying asset in regulated financial products.

Ripple, RLUSD and the future ETF: the triple bet that could change the XRPG game. Legal panorama, stablecoin strategy and Wall Street demand in a single market equation.

In less than a month, XRP went from being a token sidelined by legal uncertainty to being on the radar of institutional capital. The preliminary agreement between the SEC and Ripple, the possibility of a spot ETF driven by a giant asset manager, and the rapid adoption of the stablecoin RLUSD form a triangle of catalysts that could reconfigure the price and market narrative.

#squarecreator - Ethereum becomes the 35th most valuable asset in the world after surpassing Coca-Cola.

$ETH - Ethereum has just climbed positions surprisingly in the global ranking of most valuable assets. According to CompaniesMarketCap data updated on May 11, the cryptocurrency surpassed established giants like Coca-Cola and Alibaba, positioning itself as the 35th largest asset by market capitalization, just below Home Depot.

The momentum behind this achievement is not coincidental. At the beginning of May, the Pectra update was implemented, a technical improvement in the Ethereum network that has been celebrated by both developers and institutional investors.

Ethereum solidifies above Coca-Cola after update

The price of Ether skyrocketed to reach $2,550, pushing its market capitalization above $308 billion, surpassing Coca-Cola's $303.5 billion and Alibaba's $303.7 billion.

The milestone was highlighted and visualized on specialized platforms that monitor the market value of stocks, metals, and cryptocurrencies. To put it in perspective, Ethereum is now on the same ground as iconic companies like Home Depot and Nike, which evidences the weight that the crypto sector is gaining in global finance.

$ETH - Ethereum stakers are profiting again as ETH rises 40%.


The leading altcoin, Ethereum, has seen its price skyrocket by 40% in the last week, marking one of its strongest weekly performances in recent months.

This rally has led to locked ETH tokens returning to unrealized gains for the first time since early March, a trend that could lead to reduced selling pressure among major Ethereum holders.

Locked Ethereum tokens are back in the green after the market rally.

According to data from CryptoQuant, locked ETH tokens, which are not part of the circulating supply and are often held by validators and long-term investors, had been in unrealized losses since March 3, 2025.

At that time, the realized price of locked ETH was $2,279, while market prices had fallen below this level.

However, last week's market rally pushed the price of ETH above $2,279 on May 9. This elevated the locked tokens above their realized cost basis, signaling a return to profitability.

When stakers move from losses to gains in this way, renewed confidence in the protocol is triggered, and greater participation in the network is encouraged. This can also translate into reduced selling pressure, as more holders are incentivized to keep their positions locked.

Adding to the bullish sentiment is the positive funding rate of ETH in the derivatives market. At the time of publication, this is 0.001%.

This suggests that ETH futures traders are increasingly willing to pay a premium to maintain long positions. The increase in demand for leveraged exposure confirms the bullish momentum and reflects strong market conviction.

Increased trading volume drives the ETH rally.