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Ethereum Locks In 35 Million ETH as Staking Hits All-Time High
- Ethereum hits new milestones with over 35 million ETH locked in staking contracts and 22.8 million ETH held by wallets not selling.
- This shows a maturing network with reduced focus on short-term price swings in favor of long-term holding and staking.
- Approximately 29% of the total circulating ETH supply is now locked in staking, fueled by whale activity adding significant amounts daily.
- Staking is concentrated on platforms like Lido, raising concerns about decentralization but indicating active participation by major players.
- Increased regulatory clarity, especially in the U.S., has boosted confidence in staking, removing legal barriers for institutions.
- Despite price pressure and recent volatility, long-term holders are retaining ETH, with some technical indicators suggesting potential price movement.
- With a significant portion of ETH locked and inactive in wallets, the available supply for trading is decreasing, setting the stage for price volatility.
- Events to watch include the potential golden cross, regulatory developments around staking ETFs, and actions of large ETH holders.
- Although Ethereum's price is not currently in the limelight, the underlying trends in staking and long-term holding could shape its future.
- Key takeaways include the substantial ETH locked in staking, whale-driven staking activity, regulatory improvements, price fluctuations, and continued belief in Ethereum's potential.
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