- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Analyst: Record-Breaking Ethereum On-Chain Data May Signal Upcoming ETH Price Rally
BlockBeats News, July 3rd, analyst Carmelo Alemán quoted CryptoQuant data indicating that strictly filtered whale addresses (excluding exchange addresses and with historical outflow close to zero) saw their holdings of Ethereum surpass 22.7465 million ETH on June 30th, a sharp 35.97% increase from 16.7281 million ETH at the beginning of the month. These addresses saw a net inflow of 6.0184 million ETH during the month, setting a record for the highest monthly accumulation. As of July 1st, the average cost basis for these addresses was $2114.70, resulting in a realized 21.29% unrealized gain based on the current price of $2565.
In addition, Ethereum's liquidity staking amount in June increased from 34.546 million ETH to 35.526 million ETH, with a net increase of nearly a million ETH in a single month (a 2.83% increase). On July 1st, it hit a new all-time high of 35.564 million ETH. The analysis pointed out that whale addresses mainly belong to institutional investors, ETF funds, and large holders, some of whom earn rewards through top protocols like Lido and Binance staking while waiting for a price breakout.
Carmelo Alemán explained that although the current ETH price has not broken through, the record accumulation and locking behavior by institutions suggest that the market may be preparing for a significant price rally. The divergence between on-chain data and price trends may be forming a "spring effect"—the longer the compression, the stronger the rebound.
You may also like
Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?
Why is Wall Street **Shorting** Crypto's **Poster Child** Strategy?
Beyond the Financials, Nvidia's True Risk and Opportunity
Citrini Lingering Echo
Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks
Bloomberg: Romania Presidential Election Meddled by Crypto Traders
WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!
WEEX P2P is launching the "Merchant Referral Program" to build a stronger P2P merchant community and boost market liquidity. Refer potential merchants to join WEEX P2P and both of you can earn rewards.
Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report
The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?
Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault
Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval
WEEX P2P upgrade: Ad posting now available for regular users
To further improve liquidity and user participation in the P2P market and create a more open and efficient trading environment, WEEX now allows regular users to post ads on P2P. This update allows non-merchant users to post ads, opening up greater participation in the P2P marketplace.
Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK
Market Key Insights for February 26th, How Much Did You Miss?
L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High
Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner
Key Takeaways The concept of a ‘super cycle’ in AI technology is gaining traction, spearheaded by industry experts.…
Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”
Key Takeaways: President Donald Trump has introduced the “Trump Accounts” program, massively funded by billionaires to provide financial…
Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand
Key Takeaways Projected Growth: The stablecoin market could see its capitalization soar to $2 trillion by 2028, significantly…
App