Analysis: ETH Sees Record Highs in Multiple On-Chain Metrics in June, Institutions are Accumulating ETH in Large Quantities

On July 3rd, according to Cryptoquant analysts, Ethereum set several new on-chain data records in June 2025, despite lackluster price performance. The cumulative address holdings reached 22.7465M $ETH, an increase of 35.97% compared to the beginning of the month, and the single-month purchase volume hit a record high of 6.0184M ETH. Meanwhile, Liquid Staking exceeded 35.56M $ETH, hitting a new all-time high with a monthly increase of 2.83%. Analysis shows that these cumulative addresses are mostly institutional investors, ETFs, and large holders, with an average purchase cost of $2,114.70, currently yielding a profit of 21.29%. Lido and Binance $ETH Staking have become the biggest beneficiaries of DeFi protocols. Experts believe that although the price has not yet exploded, the continuous large-scale accumulation and lock-up of $ETH by institutions suggests that the market may be preparing for a significant rise. [深潮 TechFlow]