Tonight 3 things:
ETH at $2,689.86, down 0.96% over the past 24 hours. Intraday it moved from $2,656 up to $2,748, with a $90 range, accounting for 3.4% of the total. Big swings within a narrow range—more accumulation than a one-way grind.
Second: On-chain, someone is “moving house.” A whale moved 37,000 ETH (about $65.24 million) from Gemini 11 hours ago, sending it directly into a staking contract to earn roughly 3–4% annualized. This isn’t moving it to trade—it’s locking it away. The circulating supply has been bitten into again.
Third: The ETF is still pulling in inflows. In Q3 2025 in the US, net inflows for Ethereum ETFs totaled $33 billion, while Bitcoin ETFs simultaneously saw outflows of $1.2 billion. Funds are rotating between sectors, with Ethereum taking over some of the allocation from BTC’s sell-off.
Let’s talk again tomorrow.
ETH at $2,689.86, down 0.96% over the past 24 hours. Intraday it moved from $2,656 up to $2,748, with a $90 range, accounting for 3.4% of the total. Big swings within a narrow range—more accumulation than a one-way grind.
Second: On-chain, someone is “moving house.” A whale moved 37,000 ETH (about $65.24 million) from Gemini 11 hours ago, sending it directly into a staking contract to earn roughly 3–4% annualized. This isn’t moving it to trade—it’s locking it away. The circulating supply has been bitten into again.
Third: The ETF is still pulling in inflows. In Q3 2025 in the US, net inflows for Ethereum ETFs totaled $33 billion, while Bitcoin ETFs simultaneously saw outflows of $1.2 billion. Funds are rotating between sectors, with Ethereum taking over some of the allocation from BTC’s sell-off.
Let’s talk again tomorrow.
