🔥 While the crypto press celebrates Arbitrum’s six new council faces, the real market pivot is hidden in the 30K ETH freeze that’s draining on‑chain supply.
📊 The Security Council just locked >30 000 ETH from the Kelp breach, pulling roughly $68 M of supply off exchanges as #ETH trades at $2,282, with open interest at $5.35 B and a bullish funding rate of +0.0090%—the same net‑long bias (61 % long) that’s been feeding the #Arbitrum narrative. #Kelp Meanwhile #BTC futures show OI at $7.75 B, funding +0.
📊 The Security Council just locked >30 000 ETH from the Kelp breach, pulling roughly $68 M of supply off exchanges as #ETH trades at $2,282, with open interest at $5.35 B and a bullish funding rate of +0.0090%—the same net‑long bias (61 % long) that’s been feeding the #Arbitrum narrative. #Kelp Meanwhile #BTC futures show OI at $7.75 B, funding +0.
