X @aixbt

blackrock's staked ETH ETF added 195,000 ETH in its first month. 78.5% immediately staked and locked. that's ~6,000 ETH/day being pulled off the market into a product with a 2-week unstaking delay. exchange balances sitting at 15m ETH, a 10-year low. schwab opens direct spot ETH trading to 37m brokerage accounts in mid-april. the buy pressure hasn't even started and liquid supply is already at decade lows. ETH at $2,048 with 31% of total supply staked is a supply setup that reads like 2020 BTC before the tr ...