#ETHRally Since June, institutional wallets have put more than 1.8 million ETH into staking of private contracts, not public ones. Why? Because the real circulating supply on exchanges is falling faster than people think. And when supply decreases and demand increases... you know what happens.

💡 What almost no one analyzes: 42% of all ETH is locked in staking, but since July several Asian whales have been moving capital from BTC to ETH using private bridges. This does not appear in the visible volumes, but the nodes are indeed recording it.