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80,000 ETH has been locked, and many people didn't realize how critical this step is ⚠️
Grayscale has already staked 83,200 ETH, which, based on the current price, is close to $184 million.
The core message in one sentence 👇
These chips won't return to the market in the short term.
This releases two signals:
Bullish:
Large funds choose to lock up their holdings to earn yield, indicating that ETH is expected to perform well in the long to medium term, while also reducing circulating supply to provide support for the price 📈
But don’t ignore another point:
Staking ≠ not selling; it only delays selling. Once the returns aren’t enough or the market sentiment turns, these funds may still flow back to the market.
What market makers care about more is—
Whether the chips are in circulation, or they’re being “locked up.”
As more and more ETH gets locked, the market may appear calm on the surface,
but the underlying supply-and-demand relationship is gradually changing.
Some market moves don’t come suddenly,
they’re brewed little by little during this “quiet” phase.#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨 $FUN $NOM