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Ethereum’s Second Bull Run Gains Momentum: Key Insights On Market Activity

  • Ethereum's second bull run is gaining momentum, and historical data indicates it may surpass its initial peak in this phase.
  • Recent on-chain activity shows increased anticipation in the market, with netflows to derivatives reaching 42,000 ETH, indicating traders preparing for potential price drops.
  • A major Ethereum whale has been actively accumulating ETH on Bybit, investing $63.99 million USDT over the past 12 days, signaling long-term confidence in Ethereum's trajectory.
  • Ethereum co-founder Vitalik Buterin sold four meme coins for 24.5 ETH ($81.8K) and donated 320 ETH ($1.07M) to Coin Center.
  • Ethereum's spot ETF recorded a net inflow of $40.67 million, indicating strong institutional interest in the cryptocurrency.

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