ETH: on-chain demand is running hot while exchange-side bids lag.
$ETH closed Sept near $2,684 after a mid-month push from $2,445 to $2,775 (+13%).
Contract token transfers: 7D mean +2,280% w/w, ~3,390% vs the 90D baseline (~$93B/day).
Fees confirm it — base fee +193% w/w, burn ~$412k/day (+422% q/q), supply pressure easing.
Staking rate climbed 35.53% → 35.92% in 14 days: liquid supply keeps thinning.
But stablecoin netflow on @binance is ~-$92M/day (7D) and the Coinbase Premium was negative in all 14 last sessions.
Funding flat at 0.00–0.01% — spot-driven, not leveraged. A positive Coinbase premium is the confirmation trigger.
#Ethereum #ETH #CryptoQuant #OnChain #Bitcoin $BTC
$ETH closed Sept near $2,684 after a mid-month push from $2,445 to $2,775 (+13%).
Contract token transfers: 7D mean +2,280% w/w, ~3,390% vs the 90D baseline (~$93B/day).
Fees confirm it — base fee +193% w/w, burn ~$412k/day (+422% q/q), supply pressure easing.
Staking rate climbed 35.53% → 35.92% in 14 days: liquid supply keeps thinning.
But stablecoin netflow on @binance is ~-$92M/day (7D) and the Coinbase Premium was negative in all 14 last sessions.
Funding flat at 0.00–0.01% — spot-driven, not leveraged. A positive Coinbase premium is the confirmation trigger.
#Ethereum #ETH #CryptoQuant #OnChain #Bitcoin $BTC
