Ethereum staking hits record highs – So why are yields falling?

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Ethereum staking reached a record 43.8 million ETH, representing 35.9% of total supply, with net inflows of 1.99 million ETH during the quarter. The staking yield declined from 2.81% to 2.63% as participation increased. Bitmine staked another 159,728 ETH, worth roughly $390.6 million, bringing its staked holdings to 5.23 million ETH valued at $12.78 billion and accounting for 86.5% of its ETH holdings. On Binance, 67.91% of top trader accounts held long positions, with a long-short ratio of 2.12, while net ETH outflows reached $2.34 million on October 21. ETH traded around $2,446, defending $2,400 support but struggling to overcome resistance at $2,500 and $2,535 despite an improving RSI and a still-bearish technical structure.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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