Interest in Ethereum, the second-largest cryptocurrency asset, is once again gaining momentum among retail and institutional investors, evidenced by a significant increase in net staking inflows over the past week, along with recent improvements in the price of ETH.
Continued increase in Ethereum staking net inflow
In positive development Ethereum Staking It attracted significant capital last week, resulting in a surge in weekly net inflows. Maartuun, market observer and analyst at CryptoQuant, a leading on-chain data and analytics platform. reported A development that reflects our growing commitment.
The surge in staking activity indicates that many investors are interested in supporting Ethereum’s proof-of-stake (PoS) ecosystem while receiving passive returns. This also reinforces ETH’s strong security and position in the cryptocurrency landscape.
According to data shared by analysts, over the past week, Ethereum staking has seen a net inflow of +10,000 ETH, with 115,000 ETH deposited and 105,000 ETH withdrawn. This means that after months of net outflows, deposits have once again exceeded withdrawals, marking a meaningful change. As the total amount of staked ETH increases again, this indicates renewed confidence and optimism about staking as a long-term strategy. ETH’s ecosystem.
Addressing the components behind the surge, Maartuun pointed to a number of possible factors. These include rising ETH prices, improved staking infrastructure such as liquid staking options, institutional players entering the market, and more.
Moreover, the expert emphasized that this surge in net inflows could be a response to: long term investor After the merger, the stability of Ethereum and trust in the ecosystem will increase.
If current deposit rates are maintained, Maartuun is confident that development could limit the availability of deposits. ETH This may affect price fluctuations. “Overall, the recent inflows are a positive sign for the Ethereum ecosystem and its long-term growth,” he added.
ETH’s open interest reaches a new milestone
Ethereum has been showing great progress recently in several key metrics, such as Open Interest (OI). ETH’s open interest has shown a notable upward trend over the past few days, reaching a new all-time high.
no way report CryptoQuant found that ETH’s open interest value is over $13 billion, an increase of over 14% over the past four months. Additionally, the funding ratio shows a positive trend, indicating that long position traders are dominating the market. This surge shows interest in: ETH derivatives market They are rising rapidly and market sentiment is growing to support price increases in the near term.
CryptoQuant also revealed that Ethereum’s estimated leverage ratio reached +0.40 for the first time in history, hitting a new all-time high. This indicator, determined by dividing open interest by the exchange’s coin holdings, suggests a significant increase in leveraged positions, indicating increased risk taking by traders in derivatives trading.
Featured image from Unsplash, chart from Tradingview.com