Good morning Asia, here's what's happening today: 1. BTC, ETH traded sideways after mildly upbeat inflation data and the Ethereum Shanghai upgrade launch 2. Whales may indicate bitcoin's path forward: GWilliamsJr_CMT writes By JPRubin23, _jocelynyang_
Neither hotly anticipated inflation data or an eagerly awaited Ethereum Shanghai upgrade could stir bitcoin or ether much from their most recent perches.
Boyle added:"We are heading into a recession, or at least it seems that way, and retail investors would be the profile of investors that would sell in the situation we find ourselves in. But this doesn’t seem to be the case, and this suggests to me that the profile of investors in the Ethereum ecosystem right now tends to be larger-scale. They appear to be more institutional-grade, and I don’t think that kind of investor would be quick to sell at this moment in time.
"With previously locked ETH becoming available again, it could lead to"a rise in the staking ratio, increased liquidity, and potentially higher prices," Boyko-Romanovsky wrote."As the staking ratio rises, it will boost network security, a crucial indicator of blockchain health, and decrease the amount of circulating ETH."
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