Something's brewing in the ETH market. Centralized exchanges now hold just 8.7% of total Ethereum supply—a figure we haven't seen since the network went live back in 2015. Think about that for a second. A decade of trading, and we're back to square one in terms of exchange inventory. Why does this matter? Shrinking supply on platforms means less ETH available for immediate selling. When buying pressure kicks in, there's simply less fuel to absorb demand. Market watchers are flagging this as a setup: tight liquidity, dormant coins sitting in wallets, and a potential squeeze waiting to happen. We've seen this movie before with other assets. Low float, rising interest—you know how the story goes. Whether this sparks the next leg up depends on when (or if) demand actually shows up. But the stage? It's definitely set.

Another whale has heavily bet on ETH, and this time it’s a big play. On-chain monitoring shows that the wallet address pension-usdt.eth recently opened a massive position: going 2x long on 20,000 ETH at $3,040.92. The total position is worth nearly $60.93 million, with a liquidation price set at $1,190.66. This move sends several signals. First, the position size—20,000 ETH with 2x leverage is far from a trial run. This is real, substantial capital. For most institutions, this would be considered a heavy allocation. Next, the liquidation price. At $1,190, ETH would have to plunge 60% for this position to be liquidated. That’s quite a safety cushion. Clearly, this isn’t a short-term speculative trade—it’s more of a bet on the mid-to-long-term trend. The whale is willing to withstand a massive drawdown and wait for ETH to rise gradually. Lastly, the strategy. With such a large position and such a low liquidation price, it’s unlikely there will be frequent rebalancing. This long position is probably a “strategic holding” in the account, not meant for short-term swing trading. In short, the whale is going all-in on ETH at the $3,000 level. Either they’re extremely bullish on the market outlook, or they have so much capital that they can afford to take big risks.

Big news is coming from the French banking sector—BPCE Group, the country's second-largest bank, has confirmed it will launch client-side Ethereum access services on December 8. The first phase will cover 2 million users, and according to their plan, this number is set to reach 35 million by 2026. Traditional financial giants are starting to integrate ETH—could the signal be any clearer? Institutional capital access channels are being opened up one by one. This wave of infrastructure building in the Ethereum ecosystem isn’t just a technical upgrade; it’s a real boost in user numbers. Also, the on-chain PUPpies meme dog project has been making some noise lately. The meme sector has always thrived on sentiment, and at moments like this, picking up some tokens early could take off. Of course, this kind of play is at your own risk—don’t go all in. But honestly, looking at the price action of classic coins like ETH and DOGE, combined with news of traditional institutions entering the market, there could still be some momentum left in this year-end rally.