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CryptoQuant analysts have stated that since Ethereum reached its cyclical high of $4107 on December 16, 2024, its price has experienced a sustained pullback. But during this bear market phase, ETH accumulation addresses are still adding positions.
ETH accumulation addresses refer to addresses that continuously receive ETH without significant sales, and whose balance remains stable or increases over time, regardless of whether they belong to large or small holders. These addresses are usually long-term holders who have held Ethereum for more than 155 days.
On chain data shows that on March 10th, these cumulative addresses entered the unrealized loss zone, when Ethereum fell to $1866.7, while their average holding price remained at $2026.
Despite this, without realizing any losses, the ETH accumulation address is still increasing its ETH holdings: it held 15.5356 million ETH on March 10th and increased to 19.0378 million ETH on May 3rd, an increase of 22.54%.
In the long run, ETH investors have shown strong confidence in Ethereum assets, projects, and ecosystem. （CryptoQuant）
According to the popularity ranking, TRUMP's popularity has decreased by 150000 followers compared to yesterday, ranking first. The popularity ranking is as follows:
① TRUMP （$11.14，2.11%）
② ETH （$1827.97，0.16%）
③ SUI （$3.46，7.79%）
④ ALPACA （$0.1947，2.20%）
⑤ SOL （$146.61，1.23%）
The buying power of TRUMP's main funds is weak, with a net inflow of $18.0084 million in 24 hours and a transaction volume of $1.469 billion in 24 hours, of which the net inflow of the main funds is $15100.
Odaily Planet Daily News: Goldman Sachs reiterates its structural bullish view on gold, with a basic expectation of $3700 per ounce by the end of the year and $4000 per ounce by mid-2026. If an economic recession occurs, it is estimated that the acceleration of ETF fund inflows will drive gold prices to reach $3880 by the end of the year. (Golden Ten)
QCP Capital released a market analysis stating that the macro data released last Friday provided a detailed snapshot of the US economy, with non farm employment increasing by 177000 people, exceeding the expected 133000 people, and the unemployment rate stabilizing at 4.2%. However, behind the strong data, economists continue to warn that the full economic impact of recent tariff increases has not yet been apparent, and the market remains cautiously optimistic about this.
Meanwhile, the market generally expects the Federal Reserve to keep interest rates unchanged at this week's policy meeting. Despite a historic loss in the first quarter, Strategy has doubled its funding target to $84 billion due to the adoption of new digital asset valuation accounting standards. This latest move highlights the company's firm belief in its long-term Bitcoin strategy. At the same time, the stable inflow of spot Bitcoin ETFs indicates sustained institutional demand and reinforces the asset's growing role in diversified investment portfolios.
According to BlockBeats, on May 5th, according to the monthly report of Morpho, the active loan scale of its cryptocurrency lending business in cooperation with Coinbase has exceeded 130 million US dollars, and the collateral scale has exceeded 270 million US dollars. In addition, Trust Wallet, the world's largest unmanaged software wallet, and Ledger, the hardware wallet, have made Morpho their default revenue option.
Apollo's ACRED Leveraged Real World Assets (RWA) strategy has now been launched on Morpho, marking the first time private credit funds have used it in on chain structured products to enhance returns. Meanwhile, the World App has integrated Morpho, allowing its 25 million users to access lending services. On the Base chain, over 45% of cbBTC is stored as collateral and lending assets in the Morpho protocol.
