Ethereum spot exchange-traded funds (ETFs) in the U.S. recently ended their longest-ever streak of daily net inflows, which lasted 20 days and brought in nearly $5.4 billion. On August 1, the trend reversed with a significant $152 million outflow, the largest since January 8.

Ethereum (ETH) is showing strong bullish momentum as large investors, known as “whales,” are accumulating significant amounts of ETH while the number of sellers and exchange deposits continues to decline. Notably, whales have been opening large long positions and moving substantial amounts of ETH from exchanges into private wallets, signaling confidence in Ethereum’s future price growth.

Over $3.4 billion worth of Ethereum (ETH), representing at least 913,111 ETH or about 0.76% of the total circulating supply, has been permanently lost due to user mistakes and smart contract bugs. Major incidents contributing to these losses include the Web3 Foundation’s loss of 306,000 ETH from a Parity multisig wallet vulnerability, the defunct QuadrigaCX exchange locking 60,000 ETH in a faulty contract, and the Akutars NFT project burning 11,500 ETH during a failed mint.

A dynamic period has started for the Hyperliquid platform and its native token, HYPE, amid broader market movements. While Ethereum has surged to new highs—trading at $3,609 and up 43% over the past month—HYPE has experienced a pullback, dropping 3.3% in the last 24 hours and 1.1% over the week.

Ethereum recently surged past the $2,700 mark, marking a significant recovery after dipping below this level in June. This rally coincided with a historic low in the long/short ratio on Binance’s ETH/USDT perpetual contracts, which fell below parity for the first time since April 2023. The sharp move triggered a classic short squeeze, as a wave of ETF inflows from Wall Street collided with a heavily net-short derivatives market, resulting in heightened volatility and rapid pr