Ethereum's Quiet Accumulation: Reading Institutional Entropy in the MVRV Signal
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Fear
Market Sentiment
Block reward reduced to 3.125 BTC
Block reward halving event
Team and early investor shares released
Raises validator limit and account abstraction
92 million ARB released
Circulating supply increases by about 2%
Improves data availability sampling efficiency
Independent validator client goes live on mainnet
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