🐋 WHALE WATCH : ETH supply is tightening. Staking ratio climbed from 30% to 34.4% year to date. The exit queue sits at zero. The entry queue is backed up with capital waiting to lock in. Stakers arent selling yield bearing ETH. Institutional capital is queuing to secure the network. Liquid supply keeps shrinking. When demand catches the float, the reprice wont be subtle.(Whale Factor)