Over 29% of Ethereum (ETH) is currently locked in staking, limiting its circulating supply. This decrease in liquidity has increased the likelihood of a short squeeze, while record leveraged short positions are noted among hedge funds.
Recent withdrawals of 140,120 ETH, valued at approximately 393 million USD, indicate shifting market dynamics. Analysts foresee ETH potentially reaching 10,000 USD in this cycle, driven by the ongoing supply shock and bullish market conditions.
Leave a Reply