Ethereum’s Supply Drama: Whales & Staking Steal the Show!

Ethereum saw record December inflows into accumulation addresses as staking activity continued removing ETH from active circulation. ๐Ÿง ๐Ÿ’ธ

Ethereum supply trends are shifting quietly as prices stay range bound and traders watch resistance levels closely. On chain data shows accumulation and staking rising together, even as selling continues. ๐Ÿ’๐Ÿ“‰

These movements suggest changing behavior beneath flat prices and cautious sentiment. The market focus now turns to Ethereum. ๐Ÿคฏ

Ethereum Accumulation Addresses Record Strong Inflows

On chain data from December shows Ethereum moving steadily into accumulation addresses. ๐Ÿฆ๐Ÿง  These wallets have histories of limited selling during volatile periods. As a result, available supply in active trading venues has declined gradually. ๐Ÿšซ๐Ÿ’ธ

This pattern continued even while short term selling pressure remained present. Crypto Rus referenced FXStreet data to explain these accumulation trends. The data showed record monthly inflows into long term holding addresses. ๐Ÿ“Š

ETH ACCUMULATION IS HAPPENING – AND STAKING IS PART OF IT

FXStreet data shows saw record inflows into accumulation addresses in December, even while selling pressure stayed elevated.

Thatโ€™s one side of it.

The other side is staking. More Ethereum continues to moveโ€ฆ

– CryptosRus (@CryptosR_Us)

Meanwhile, spot price action stayed narrow, and volatility remained muted. This contrast suggests accumulation activity occurred without strong price reaction. ๐Ÿคทโ€โ™€๏ธ

Nonetheless, glassnode metrics also confirm rising balances in low turnover wallets. ๐Ÿง  These addresses tend to hold Ethereum across longer market cycles. At the same time, exchange balances showed only modest increases. ๐Ÿ“ˆ

This balance supports observations of supply moving away from immediate sale conditions. ๐Ÿšซ๐Ÿ’ฐ

Staking Activity Continues to Reduce Liquid Supply

Ethereum staking levels continued rising through the end of December. Validator deposits increased, and total staked ETH reached new network highs. ๐Ÿง ๐Ÿ“ˆ

Staked assets remain locked and unavailable for active market trading. Hence, circulating supply continues to tighten gradually. ๐Ÿšซ๐Ÿ’ธ

Staking behavior often reflects longer investment horizons rather than short term positioning. ๐Ÿ•ฐ๏ธ Participants commit funds for yield and network participation. This reduces reactive selling during brief price changes. As a result, market liquidity dynamics adjust slowly over time. ๐Ÿง 

Moreover, data shows steady growth in validator counts and staked balances. Withdrawal activity remained limited during the same period. ๐Ÿง ๐Ÿ“ˆ These metrics indicate stable commitment from staking participants. Supply removal through staking has remained consistent despite uneven price recovery. ๐Ÿง 

Related Reading: Ethereum Price Surge to $4K Expected as Long-Term Holders Buy In

Ethereum Whale Transactions and Market Structure Signals

Concurrently, large Ethereum transactions continue appearing despite cautious broader participation. Lookonchain reported a purchase of 12,166 ETH worth over $38 million. The acquisition occurred through Coinbase, FalconX, and Cumberland. ๐Ÿง ๐Ÿ’ธ

A whale/institution bought 12,166 ($38.09M) from Coinbase, FalconX and Cumberland 5 hours ago.

– Lookonchain (@lookonchain)

Such transactions indicate selective accumulation by large holders. However, broader whale activity metrics show mixed behavior. ๐Ÿคทโ€โ™€๏ธ Glassnode data shows fewer large address interactions compared with previous rallies. This suggests some large holders remain inactive rather than distributing aggressively. ๐Ÿšซ๐Ÿ’ธ

Additionally, technical data shows resistance remains near the $3,150 price zone. Cost basis data indicates heavy prior buying in this range. ๐Ÿง  Many holders approach break even levels near current prices. Selling pressure may increase as prices test these zones. ๐Ÿšจ

Exchange flow data also remains balanced rather than strongly positive. ETF flows stayed limited, and institutional demand appears restrained. ๐Ÿง  Still, accumulation and staking trends continue alongside this caution. ๐Ÿง 

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2026-01-03 16:23