Ethereum Whales Are Back as Coinbase Premium Surge Signals Growing Market Tension
2025-07-18 18:06:17
Main Idea
The Ethereum Coinbase Premium index has surged, indicating increased demand from U.S. institutions and whales, with companies like SharpLink accumulating significant amounts of ETH.
Key Points
1. The Ethereum Coinbase Premium index has reached levels not seen in a long time, signaling growing U.S. demand for ETH.
2. Analyst CryptoQuant notes that U.S. institutions, including SharpLink, are driving ETH purchases, with SharpLink holding over $900 million worth of ETH.
3. SharpLink has been acquiring ETH daily, adding 144,501 ETH in a nine-day streak.
4. At least eight other firms, including Bitcoin miners BitDigital and Bitmine, have been accumulating ETH over the past 30 days.
5. ETH was trading around $3,610 at the time of writing, up 4.6% daily.
Description
The Coinbase Premium index for Ethereum has climbed to levels not seen in a long time. This comes as ether (ETH) recovers to multi-month highs amid the latest market rally. While the surging Coinbase Premium indicates growing demand in the United States, it raises concerns about an overheating market. If this is indeed the case, there may be reason to worry, as assets may decline and lose their gains rapidly. ETH Coinbase Premium on the Rise According to Crypto Dan, a pseudonymous analyst from t...
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