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|Legacy
BTCBTC
💲70901.01
+
0.2%
ETHETH
💲2093.26
+
0.25%
SOLSOL
💲87.84
-
0.09%
TRUMPTRUMP
💲4.02
+
4.96%
USDCUSDC
💲0.9999
-
0%
HYPEHYPE
💲38.07
+
4.79%

Bruce
Bruce|Jul 23, 2025 02:03
Andy Cronk, the co-founder of Figment, an ETH staking service provider, said very directly: "When the price rises, someone will release the staking and sell the coins for safety This is not the first time, nor will it be the last time - whether it is individual investors or institutions, after several rounds of bull and bear market, they have basically followed this path, cashed out in a timely manner, and settled safely. This is not a problem. And Andy also mentioned another possibility: staking may not necessarily be for cashing out, as large institutions also need to transfer ETH when migrating custody services or changing wallet technologies. But now, there's no need to rush to throw away the pressure. Because the siege effect is very obvious, with more people coming out and more people entering. There are still 357000 ETH in line for staking, and the waiting time has exceeded 6 days, which is also the longest since April 2024. This wave of new demand is also related to the rise of institutional ETH treasuries. For example, Sharpnink, who is well-known to everyone, not only buys coins, but also sticks to eat on chain profits. In addition, there are three other giants also rushing to buy goods, and Wood Sister also came with Ark Capital to help. As of now, the number of active validators has increased by approximately 54000, with a total of nearly 1.1 million, setting a new historical high. So, in a sense, this is not an escape, but a new entry after shuffling. Free market, every day there are moments when we rub shoulders and say cute things to each other.
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Timeline

Aug 21, 17:00BTC is maturing and is no longer as volatile.
Aug 21, 14:052.84 million UNI tokens transferred to Coinbase institutional account
Aug 21, 06:1069 institutions hold over 4 million ETH in Ethereum reserves
Aug 20, 14:49Bitcoin may find support at $110,000
Aug 20, 13:36499 BTC transferred from unknown wallet to Coinbase institutional account
Aug 20, 13:29499 BTC transferred to Coinbase institution
Aug 20, 04:38Bitcoin exhibits structural weaknesses
Aug 20, 01:37Western institutions buy ETH, Eastern whales sell
Aug 19, 15:26Ethereum exchange traded fund loses $197 million
Aug 19, 15:222499 BTC transferred to Coinbase institution

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