The Past 24 Hours In #Ethereum, a thread 🧵 - Worldwide searches for ETH hits ATH - ETH on exchanges hit lowest level since 2016 - BTCS is the first publicly traded company to issue a dividend in ETH - Bitmine is now the 2nd largest crypto treasury after adding 373K ETH + more

According to CME data, we are now seeing the largest leveraged $ETH short positions in history Translation: a record number of ETH bears are about to get mega rekt 🐻 ETH is going higher

$ETH ETF flows are entering its parabolic growth curve, while $BTC flows are starting to stagnate. Over the past 4 weeks, cumulative $BTC ETF holdings grew by just $0.15B, while $ETH exploded with $3.33B. That’s 21x more for an asset only 1/5 the size in market cap. Bitcoin maxis don’t realize it yet, but the numbers don’t lie: Bitcoin’s digital gold narrative is nice and works, but institutions ultimately care about fundamentals, yield, and utility. I expect Ethereum to take the lead for the rest of this cycle and beyond, while BTC dominance should continue to fade.

$ETH on exchanges just hit its lowest level since December 2016 👀 There is currently only ~15M ETH or 12% of Ethereum’s supply available on centralized exchanges Supply shock incoming, you know what happens next 🚀

2 Ethereum whales just bought 25,684 $ETH over the past 24 hours That’s over $112 million worth of ETH 👀

The percentage of ETH in ETFs is on pace to exceed Bitcoin by September $ETH is about to flip $BTC where it matters most, institutional demand ETH isn’t just “digital gold”, it’s a yield-bearing, programmable asset that powers the future of finance This is Wall Street telling you ETH > BTC

Did Tom Lee just buy even more $ETH 👀 An address supposedly linking to Bitmine just purchased an additional 3.3K ETH worth $14.4 MILLION That wallet now holds 16,900 ETH ($73M)

WORLDWIDE SEARCH TRAFFIC FOR $ETH JUST HIT THE HIGHEST LEVEL EVER 🔥 Up 660%+ in less than a year 📈 The entire globe is waking up to Ethereum 🌎

Ether ETFs Turn Bitcoin Into 'Second Best' Crypto Asset in July.. new from @SirYappityyapp and myself who awarded Ether ETFs as our ETF of the month for July. Normally we just pick one but the whole category caught fire

find a girl that loves you as intensely as blockworks hates ethereum