On August 12, Lucas Outumuro, head of research at analytics firm ‘IntoTheBlock’ published weekly observations about the market.  Lucas covered the last step of preparing Ethereum for the merge, its implications on Ethereum as well as staked ETH, and the upcoming ETHPow token. Lucas also evaluated the institutional demand for Bitcoin, by looking at the previous holding patterns and on-chain activity. According to Lucas, this week, Ethereum (ETH) is moving away from crypto exchanges at a rapid rate, while Bitcoin (BTC) moves in the opposite direction. Outumuro noted that Ethereum recorded nearly $1 billion in net outflows over the week, […]