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In July, the Ethereum market saw a demand of 3 million ETH, half of which came from the Ethereum Reserve Company

By: theblockbeats.news|2025/08/05 14:22:12

BlockBeats News, August 5th, according to Trader T, in July, the market demand for Ethereum reached 3 million units:

· 50% came from ETFs (with 78% from BlackRock);
· 50% came from Ethereum reserves companies (with 41% from Bitmine, 16% from SharpLink).

A whale has further increased their short position to 50,000 ETH, liquidation price $3764

MYX briefly surpassed $1.33, with a 24-hour price increase of 290%.