Did this Ethereum add skill points incorrectly?
The staking volume keeps hitting new highs 📈
But the price of Ethereum hasn't shown much improvement
On-chain data looks better and better
But the candlestick charts are getting uglier
ETH staking volume has already reached 44.1 million tokens
Accounting for 36.1% of the total supply
And another 1.38 million tokens are queued up waiting to be staked
Meanwhile, on the other side
The spot Ethereum ETF is continuously seeing outflows
Some are desperately locking up their tokens
While others keep withdrawing funds
Many brothers think that the more staking there is
The fewer circulating tokens
So the price should be easier to rise
But the problem is
Staking does not equal buying
If you stake the Ethereum you already hold
The market doesn't get any extra buying power
And staking is not a permanent lock-up either
You can still exit later
In short
Reducing sell pressure and increasing buy pressure
Are fundamentally two different things
So I've always felt
To judge whether a coin can rise
You can't just look at how good the on-chain data looks
In the end, it depends on
Whether there is real money willing to enter and take the tokens
What do you think?
Is Ethereum now accumulating strength
Or are long-term holders also about to give up?
$BTC$ETH
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