Exchanges Stake 320k ETH — Temporary Supply Lock Could Support ETH
I see that bitFlyer and Binance have staked a combined 320,000 ETH (~$1.51B). That's a meaningful amount being moved into staking execution addresses shortly after service launches.
Locking this ETH reduces immediate circulating supply and could provide modest bullish support for ETH price, though the deposits are specific to exchange staking services and may reflect custodial flows rather than long-term off-chain demand.
I'll monitor validator activity, potential inflows/outflows from exchanges, and staking withdrawal mechanics before changing any position — the headline is positive but not decisive on its own.
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