According to @milesdeutscher, institutional trading demand is positioning Ethereum (ETH) for a potential move to $3,000, with OKX Chief Commercial Officer Lennix Lai noting ETH's dominance over Bitcoin (BTC) in perpetual futures markets, accounting for 45.2% of volume. While ETH shows strength, a Glassnode report indicates that institutional investors are also accumulating BTC during dips, with accumulation pressure outweighing profit-taking from long-term holders, a dynamic considered highly atypical for late-stage bull markets. In the stablecoin sector, a CryptoQuant report highlights a new all-time high market cap of $228 billion, with Presto Research data showing Tron (TRX) capturing over $6 billion in net inflows in May, while Ethereum and Solana (SOL) experienced outflows. Furthermore, an a16z Crypto essay suggests a long-term bullish case for blockchain infrastructure, arguing that autonomous AI agents will require crypto rails for interoperability and transactions.

According to @playgoatgaming, institutional trading demand is positioning Ethereum (ETH) for a potential run to $3,000. OKX Chief Commercial Officer Lennix Lai noted that ETH is outperforming Bitcoin (BTC) in derivatives, with ETH accounting for 45.2% of perpetual futures trading volume on the platform over the past week compared to BTC's 38.1%. While institutional interest in ETH grows, a Glassnode report indicates that Bitcoin long-term holders (LTHs) are also actively accumulating during price dips, a dynamic considered atypical and bullish for late-stage bull markets. Separately, a CryptoQuant report highlights that the stablecoin market has reached a $228 billion all-time high, with data from Presto Research showing Tron has been a primary beneficiary of inflows, while Ethereum and Solana have experienced capital outflows. The analysis also touches on the growing need for crypto rails to support an emerging economy of autonomous AI agents, as argued by a16z Crypto.