2025-12-27 01:40:40

#加密资产ETF十月关键对决【Ethereum Staking Market Fluctuations! Institutional Arbitrage vs. Long-term Optimism — How to Choose】

$ETH

Last night, a wave of hedging operations occurred in the Ethereum staking ecosystem — major holder Bitmine staked 74,880 ETH (approximately $225 million), almost simultaneously, institution SharpLink unlocked 35,627 ETH from staking (about $107 million). The stories behind these two transactions are worth a close look.

**How to interpret the data:**

In terms of net staking volume, nearly 40,000 more ETH have been locked into staking contracts. From the perspective of circulating supply, this is undoubtedly a bullish signal — the chips are becoming harder to move, and the selling pressure in the market is decreasing sharply. Long-term investors are clearly increasing their holdings.

On the other hand, SharpLink’s actions are also interesting. They are not rushing to sell off but are steadily reducing their stake. This pace resembles phased portfolio adjustment rather than panic selling. Staking ETH with an annualized yield of 3%-4% is quite profitable for institutions — if they were truly bearish, why maintain staking positions?

**Dialogue between the two strategies:**

Bitmine’s approach bets on the growth potential of the ETH ecosystem. SharpLink’s moves are about moderately balancing risk after taking profits. The market always works this way — some are betting on the future, others are cashing out gains. Both perspectives make sense.

The key is where the unstaked ETH will go. These tokens will undergo a 7-day lock-up period, and it will take some time before they truly enter circulation. The short-term risk of a sell-off is relatively controllable.

**Your space for judgment:**

Is this the prelude to a "buying spree" at the end of a bear market, or a normal correction during a rebound? If you hold ETH, will you continue staking and locking your position, or stay flexible and observe? Share your thoughts in the comments.

(Data based on on-chain analysis tools, for market observation only, not investment advice)

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OnchainUndercover

· 14h ago

Hmm, Bitmine's move is quite aggressive, going all-in with $225 million in staking? If they weren't confident in the ecosystem's growth, who would dare to play like this? But SharpLink's quick unstaking after earning 3-4% annualized returns is also impressive—taking the profit and running... Smart money really operates like this. The key still depends on how the 40,000 ETH will flow afterward. The 7-day lock-up period is enough for us to catch our breath.

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PrivateKeyParanoia

· 12-27 18:40

bitmine is accumulating, sharplink is running away. These two are playing the roles of the good cop and the bad cop. But on the other hand, what if a big crash happens during the 7-day lock-up period... Better wait and see before taking action.

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FancyResearchLab

· 12-27 02:09

Another arbitrage scenario that is "theoretically feasible," but in reality, is just Luban No.7 messing around in the contract. Bitmine invests so many coins, and I bet five dollars that next week they'll call for a reverse operation.

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BearMarketBarber

· 12-27 02:03

Staking 74k, this move is quite aggressive, but I'm more concerned about what SharpLink is thinking... Could it be that the institutions are just doing one last round of accumulation before they cut the grass again? Feels a bit like a recursive loop—locking and unlocking at the same time. Who the heck knows who's deceiving whom? The 7-day lock-up period is a key detail; the real pressure is still ahead. I think these two guys aren't really bullish or bearish; they're just playing the capital game, earning some staking yields. Signal for bottoming out? Maybe, but I'm still watching. After all, ETH's recent market movements are a bit strange.

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ShibaOnTheRun

· 12-27 01:58

Well... Bitmine's recent move is really aggressive, throwing in 74,880 coins all at once. Are they truly optimistic or just laying the groundwork for the upcoming market? --- SharpLink's reverse operation feels more like doing calculations, steadily reducing holdings to earn annualized returns. This pace is a bit sneaky. --- The detail of a 7-day staking lock-up period is easy to overlook. Short-term sell-offs are indeed controllable, but the key depends on subsequent flow. --- Honestly, this kind of hedging operation looks exciting, but the ones who really make money are always those who can stay patient. --- Both routes are fine; it just depends on whether you want to bet on growth or prefer steady arbitrage. There are no absolute answers these days. --- Accumulating support or adjusting? Sounds like asking about the weather forecast—who can really predict the market accurately? --- Holding ETH these days feels a bit complicated. Should I keep locking or wait and see... This choice is quite tough.

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nft_widow

· 12-27 01:52

bitmine is really optimistic this time, pouring in a total of 225 million yuan at once. I'm just wondering, at this critical moment, daring to pledge heavily again—are they truly committed or just gambling with a casino mentality? Sharplink steadily reducing holdings is actually smart, earning 3-4% annualized yield for free. Why bother? Better to lock in gains. The 7-day lock-up period is crucial. If there's a real dump, we'll have to wait. Short-term issues aren't too big of a deal. I think both sides are playing a game of chess. No one can say for sure; it all depends on how the market unfolds next.

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BagHolderTillRetire

· 12-27 01:47

Based on my experience, Bitmine's move this time is just betting on a rebound. SharpLink is the smart one... holding 3-4% staking yields to slowly cash out, now that's real skill. My coins from last year are still underwater, watching others add to their positions makes me want to vomit blood. Staking takes 7 days to become liquid, and this time difference can indeed earn some dividends, but the key is to choose the right direction... I'm currently just staying on the sidelines, holding my ETH tightly locked, anyway I can't run away.

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