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Analyst: Ethereum Treasury Companies Continue Buying, Strong Demand for ETH Persists

Summary: According to reports, David Duong, research director at Coinbase Institutional, stated on social media that the demand for ETH is still strong. Since early August, leading ETH treasury reserve companies have accumulated over 795,000 ETH (approximately $3.6 billion), currently controlling more than 2% of the total ETH supply. Additionally, the $20 billion raised by BMNR ...

According to reports, David Duong, research director at Coinbase Institutional, stated on social media that the demand for ETH is still strong. Since early August, leading ETH treasury reserve companies have accumulated over 795,000 ETH (approximately $3.6 billion), currently controlling more than 2% of the total ETH supply. Additionally, the $20 billion raised by BMNR has increased their total purchasing power to $24.5 billion.

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Link: Analyst: Ethereum Treasury Companies Continue Buying, Strong Demand for ETH Persists [Copy]

Last: Data: $296 million liquidated across the entire network in the past 24 hours, with long positions liquidated at $185 million and short positions at $111 million

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