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Good news comes again from the Ethereum ecosystem. The number of ETH locked in the PoS network has hit a new all-time high, surpassing 36 million. What does this mean? Based on circulating supply, this staked ETH accounts for nearly 30%. In USD value, we're talking about over $118 billion locked in staking contracts.
From the perspective of long-term holders, this number is quite interesting. A large amount of ETH is locked within the ecosystem, leading to relatively decreased liquidity, and the available trading chips in the market have actually become fewer. On one hand, this indicates that market participants remain optimistic about Ethereum's long-term prospects; on the other hand, it also hints that bullish forces are gradually accumulating. Time, sometimes, is on the side of those who are patient.