176 million dollars worth of tokens locked! Institutions deposit 70% of ETH into staking pools


On-chain data shows that, after increasing their holdings by 100,000 Ethereum (ETH) today at noon, the institution BitMine has also deposited 75,600 ETH (about 176 million USD) into the Ethereum PoS staking.
Currently, BitMine has staked a total of 3.471 million ETH, accounting for approximately 70% of its total holdings of 4.976 million ETH.
This means a large amount of tokens are locked in the staking system and will not enter market circulation in the short term.
From a market structure perspective, large-scale staking usually reduces circulating supply, and also indicates that institutions prefer to hold long-term and earn on-chain rewards rather than short-term trading.
In the crypto market, what truly influences trends is never emotion, but the movement of chips.
As more and more tokens are locked, the market story is often just beginning.
There are no shortcuts in the world of investing, only time and conviction.
Those who can patiently wait often go further than those rushing to act.
ETH-0,27%
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