- BlackRock’s massive ETH buys spark growing fears of supply shortage.
- Corporate treasuries quietly accumulate billions, reshaping Ethereum’s market structure.
- ETFs and institutions now control 8% of Ethereum’s total supply.
Institutional and corporate buyers are rapidly consolidating Ethereum’s supply, controlling nearly 8% of all circulating tokens. This is a market that is gradually changing its face and causing speculation of an imminent supply shock as ETH trades at almost $4,590.
According to recent statistics, BlackRock is reported to have been among the heaviest accumulators of institutions. Since May, the asset manager has acquired over 2.26 million ETH, with its most recent acquisition being a $300 million purchase. The firm’s buying rate has reflected its previous achievements in the Bitcoin ETF market, which is why analysts believe that the same supply dynamics apply to Ethereum.
Corporate treasuries are also playing a larger role in this shift. Their numbers were meager only a few months ago, but they are now grouped together with a total of more than 3.3 million ETH. That is 2.75 percent of the supply, and their market worth is more than $14.5 billion.
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Institutional Buildup Alters Market Dynamics
Bitmine has emerged as a standout among corporate buyers. Led by analyst Tom Lee, the company has purchased 1.7 million ETH within 50 days. Lee did not hesitate to reveal that Bitmine intends to own 5% of the overall Ethereum supply, which is indicative of the magnitude of corporate ambitions.
Ether funds are further reducing the supply, with approximately 5 percent of all ETH currently being held. This value is approaching 6 percent of Bitcoin ETFs. Market analysts have begun to refer to ETH as digital oil because of its imperative role in driving blockchain networks and stablecoins.
Price Levels Under Pressure
Despite these large-scale acquisitions, price action remains mixed. Ethereum recently touched highs of $4,650 before slipping below $4,500. Short-term economic activity was less active, with daily trading volumes decreasing by 19% to $40.77 billion.
Technical indicators paint a cautious picture. The RSI is at 57.41, slightly bullish but below earlier peaks. The MACD has a mild bearish divergence, but ETH remains above key averages.
Analysts warn that a sustained move beyond the $4,650 to $4,700 range could open the door to further rallies. An upsurge would take ETH to $4,900 and maybe even $6,000, thus pointing out how institutional demand can drive the second upswing.
Ethereum’s supply structure is constricting under the pressure of institutional and corporate accumulation. With millions of tokens removed from circulation, the quiet buildup suggests growing scarcity that may strengthen upward price momentum in the months ahead.
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