Institutional-level ETH configurations are further "locking up," with circulating chips continuously being compressed.

Monitoring shows that Tom Lee's Bitmine staked another 98,352 ETH four hours ago, worth approximately $229 million.
As of now, its total staked amount has reached 3,587,821 ETH, with a total value of about $8.35 billion, accounting for 72.1% of the overall holdings.
The key signal released by this data is:
Institutions are shifting from "holding ETH" to "locking ETH for yields," transforming liquid assets into income-generating assets.
From a market structure perspective, large-scale staking implies two points:
First, the circulating supply is further compressed, reducing potential selling pressure;
Second, the willingness for long-term holding is strengthened, with funds more inclined to participate in network yields rather than short-term trading.
As more chips enter the lock-up state, the price-driving logic will gradually shift from "trade-driven" to "supply and demand imbalance."
Follow me for continuous analysis of institutional fund behavior and changes in ETH supply structure.