Institutional Accumulation Tightens ETH Supply — Bullish for Price

I see the news that Ethereum treasury and ETF holdings have surpassed 10 million coins — roughly 8.3% of supply — as a meaningful shift in supply dynamics that supports higher prices over time. Institutional accumulation and ETF demand are removing a non-trivial portion of available ETH from the tradable float, which tightens market liquidity.

That said, I remain mindful of offsetting factors like staking, on-chain outflows, macro volatility, and regulatory risk; these can mute or reverse short-term gains. I would accumulate size gradually and prefer buying on small pullbacks while monitoring ETF inflows and realized supply metrics.