$176 million locked! Institutions stake 70% of ETH into staking pools


On-chain data shows that after institutional BitMine increased its holdings by 100,000 Ethereum (ETH) at noon today, it also deposited 75,600 ETH (about $176 million) into Ethereum PoS staking.
Currently, BitMine has staked 3.471 million ETH, accounting for about 70% of its total holdings of 4.976 million ETH.
This means a large amount of capital is locked in the staking system and will not enter market circulation in the short term.
From the perspective of market structure, large-scale staking usually reduces circulating supply, and it also indicates that institutions are more inclined to hold for the long term and earn on-chain rewards rather than trade in the short term.
In the crypto market, what truly affects trends has never been sentiment, but where the capital goes.
When more and more capital gets locked up, the market story often is only just beginning.
There are no shortcuts in the world of investing—only time and conviction.
Those who can wait patiently often go farther than those who rush to take action.
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