Market Analysis on August 20, 2025

The number of Ethereum queued for withdrawal from staking remains at 900,000 coins, which is the peak since Ethereum transitioned to PoS. This indicates that investor panic is still high; this panic is different from what is experienced during a downturn, as it is more about concerns over shrinking profits. On the other hand, several Ethereum micro-strategy companies continue to buy in, with the big player BNMR purchasing 370,000 coins in the past week, and SBET also buying 140,000 coins. This is a classic "mutual SB" moment, but the subjects have changed to traditional large holders of ETH and US stock institutions.
Despite the current pullback trend of Ethereum, I tend to remain bullish, as time is still on our side. Why do I say that the second half of the year could be a huge opportunity? Because this time, US stock market funds are buying Ethereum, BN