Key Takeaways:
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More than 70% of ether supply is staked, supporting a longer bullish environment.
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Ether Whales added more than 411,000 ETHs in August.
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Binance Eth Futures Open Interest remains more than $ 8.4 billion despite $ 4,300 retest.
Ether (Eth) climbed an all-time high of $ 4,950 in August, fueling through the wide market momentum and spot ETH ETF Inflows. However, behind the rally, exchange and supply dynamics indicate a mix of short-term precautions and long-term bullish signals.
Data from cryptoquant Shut up Binance’s ETH reserves went up strongly in August. Increasing reserves is a common indication of income extraction as more coins move to circulation. Liquid supply also increases, suggesting some ETH holders are reenting to the market.
However, most ETH supply remains unmistakable, or locked in staking or long-term handling, creating a structural deficiency that supports a larger bullish picture. The review said,
“The most likely scenario for September is a sideways-to-small move between 4.3k and 5K. If the 4.8k objection is broken and preserved, we will see 5.2K-5.5k.”
The whales flows reflect a shift of the scene. Glassnode data Show That mega whales holding more than 10,000 ETHs pushed the August rally with net inflows that peeked above 2.2 million ETH in 30 days. The accumulation is now stuck today, while large whales (1,000–10,000 ETHs) return to purchase, adding more than 411,000 ETHs at the same time. This cycle shows that demand is not lost, even if the largest holder will pause their activity.
Related: spot bitcoin ETFS surge, ether funds bleed while investors fled for safety
Eth Futures Signal Coviction in spite of price sinking
ETH futures data increase further context. Crypto analyst Amr Taha mentioned That despite the ETH slide below $ 4,300 this week, the Binance Open Interest will be held above $ 8.4 billion, the same threshold seen on August 30.
Usually, the sharp price decreases the trigger of fluid prevention, but the elastic here suggests that entrepreneurs remain put, either betting on a rebound or disagreeing by further downside.
The speed of the retreat also slows down. The open interest fell 6.25% earlier in the week but eased at 3.4%, pointing to the cooling of deleveraging pressure. The amount of net taker in Binance remains negative, the seller’s sellers are in control, but the stability in the open interest shows that buyers are absorbing a significant portion of that pressure.
Meanwhile, the flow of the area continues to tighten the supply. Binance and Kraken’s withdrawals regularly exceed 120,000 ETHs per day, reinforcing the unmistakable narrative and dampening depth seller.
Related: The Eth Staking Entry Queue Surges to two high -year -olds as institutions accumulated
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
