· Price and Quarterly Performance: ETH is currently trading around $1,560. The just-ended Q2 fell 24.77%, marking the first time in history that it has closed lower for three consecutive quarters (Q4 2025 down 28.28%, Q1 2026 down 29.26%).


· On-Chain Activity: The network’s 14-day average active address count has dropped from about 795,000 in early February to about 420,000.

🏦 Institutional Dynamics: Divergent Capital Flows

· ETFs Turn to Net Inflows: On July 1, nine Ethereum ETFs reversed their recent weakness, achieving a net inflow of 12,455 ETH (about $30.13 million). However, outflows of about $30 million still occurred during the last two days of June.
· Listed Companies Increase Holdings Against the Trend: Sharplink, an Ethereum treasury company, increased its holdings by 10,000 ETH (worth about $16 million) last week, the first time since October last year.
· A Big Whale Opens a Short: On-chain data shows that a large investor opened a new 25x leveraged short position for 22,000 ETH, worth about $35 million. $ETH
ETH-0.99%
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Daimao
· 12h ago
Long-term holding!!!!!!!!!!!!!!!!!!
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