Ethereum has slipped below the $3,000 level, extending a period of fragile price action as the broader crypto market remains cautious. According to data from Arkham, Bitmine has staked an additional 250,912 ETH—worth roughly $745 million—over the past 18 hours, adding to an already substantial locked position. Large-Scale Staking Tightens Liquid Ethereum SupplyAccording to data from Arkham, Bitmine has now staked a total of 2,582,963 ETH, valued at approximately $7.67 billion. Ethereum remains below the $3,000 level, volatility is elevated, and leverage metrics suggest fragile positioning among short-term traders. At the same time, Ethereum balances held on exchanges have continued to trend lower, reinforcing the picture of constrained liquid supply.