ethereum staking ratio just hit 32.4% ATH. $110B+ locked up by validators. this happened during 14 consecutive days of ETF outflows and david hoffman selling his stack. the people running the network are accumulating. the people watching the chart are capitulating. 50%+ of global stablecoin value still settles on ethereum. blackrock's BUIDL fund, $13.6B in tokenized treasuries, circle's entire rails. all ethereum. the best fundamental bet in crypto and the worst momentum trade at the same time. remember when everyone hated BTC at $16k? a minute of silence for the sellers
This $ETH Whale woke up after months of inactivity and opened a 12,902 $ETH long at 25x leverage worth $25.87 MILLION on hyperliquid
This is the type of trade that makes you wonder what heโs seeing