The Strategic Ethereum (ETH) Reserves have surpassed 2.32 million ETH, valued at 9.02 billion USD, representing 1.92% of the total supply. This reflects increasing institutional demand since early April.
As Ethereum approaches the 4,000 USD price level, strong buying pressure has emerged with liquidations possibly nearing 1 billion USD in short positions if this threshold is crossed. Institutional holdings in ETFs have also climbed significantly.
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