Retail investors are exiting Ethereum, institutions are stepping in! Here are 6 key data points proving that ETH is becoming a 'money-making machine' and infrastructure for financial institutions: CEX ETH balance ratio: 10.5% (historical low) Over 35 million ETH staked, accounting for about 29% of total circulating supply Institutional holdings: 10.72% (Corporate treasury 5.63% + Spot ETF 5.09%), with BitMine holding around 4 million ETH (3.36%) Ethereum dominates the entire RWA market with $12.5 billion, a 735% increase from last year, currently holding a 66.6% market share Total Ethereum stablecoin supply: $172.1 billion, with monthly stablecoin transaction volume reaching $1.6 trillion NFT sales in 2025 are projected to be only $2.2 billion, an 87% drop compared to 2021 Google search interest is far below the last bull market, showing retail enthusiasm has faded Just like Bitcoin, Ethereum is undergoing a token redistribution experiment. The liquid ETH held by exchanges and retail investors is decreasing—maybe the next wave is on its way!