Recently, the market trend of Ethereum has been quite interesting. It is reported that a major institution has made a significant effort in staking, adding a one-time investment of 266 million USD, and acquiring 86,400 ETH, directly pushing the total staked amount to around 1.08 million ETH. What signals does this move send? From a long-term perspective, big players are quietly draining the circulating spot supply, and the concentration of holdings is increasing.

ETH is currently stable around 3090 USD, and some positive signs are also emerging technically. The RSI indicator has risen back above the 50 midline, indicating a shift towards strength. However, the market situation is complex, with leverage positions soaring and financing rates rising, leading to fierce battles between bulls and bears in the 3050 to 3200 range. Short positions have been continuously liquidated, and the accumulated pressure is growing.

What is the overall feeling? The chips are tightly held, and the volatility is being suppressed, like a tightly wound spring. This state of buildup often hints that something is brewing. The true breakout of the market may be just around the corner.