Overview
- On-chain trackers reported a single entity accumulated about 89,396 ETH, roughly $164.9 million, over a three-day stretch that included a 30,000 ETH purchase on July 16.
- Ethereum slipped to about $1,823 after a 3.6% one-day drop and saw roughly $91.4 million in liquidations over 24 hours, with about $61 million coming from long positions.
- Exchange flow metrics showed two straight days of negative Spot Netflow totaling about -$23.6 million even as US spot ETH ETFs registered roughly $68 million in weekly inflows.
- Network data diverged with active addresses falling to a 14-day average near 397,000 while daily transactions rose to about 2.65 million and total staked ETH hit a record ~40.93 million driven largely by BitMine Immersion.
- The market’s path now depends on whether key support near $1,800 holds and if exchange outflows, ETF flows and short-term technical indicators move into clearer agreement.