TechFlow, July 3 — According to analysts at Cryptoquant, Ethereum set multiple on-chain data records in June 2025 despite lackluster price performance. The cumulative holdings reached 22.7465M ETH, a 35.97% increase from the beginning of the month, with monthly purchases hitting a record high of 6.0184M ETH. Meanwhile, Liquid Staking supply surpassed 35.56M ETH, marking a new all-time high and a 2.83% monthly growth.
Analysis indicates that these accumulating addresses are primarily institutional investors, ETFs, and large holders, with an average acquisition cost of $2,114.70, currently realizing a 21.29% profit. Lido and Binance ETH Staking emerged as the DeFi protocols benefiting the most.
Experts believe that although prices have not yet surged, the ongoing large-scale accumulation and locking of ETH by institutions suggest the market may be preparing for a significant upward move.
