Chip distribution: ETH price has fallen below $1873.54, entering the chip sparse zone

Tron Inc., a Nasdaq listed company, purchased 1505170 TRX at an average price of $0.3322. After increasing its holdings, Tron Inc.'s total TRX holdings exceeded 706.7 million.

DeFi platform Dango announced the end of project operations. On July 29th at 20:00 (UTC+8), the platform stopped trading, and the remaining positions were settled at the oracle price. DLP Vault deposits were unlocked, and funds were returned to the user's spot account in USDC form. On August 13th at 20:00 (UTC+8), the Dango L1 blockchain stopped running, and the funds that were not withdrawn were returned to the user's deposit address on Ethereum. Dango suggests that users close their positions and withdraw funds as soon as possible.

CryptoQuant analyst Darkfost stated that since 2025, the inflow of stablecoin funds into exchanges has continued to decline and has reached its lowest level during that period. At present, the monthly average inflow of USDT and USDC is about 2.3 billion US dollars, with an average annual inflow of about 3.7 billion US dollars. When the price of Bitcoin reached its all-time high, the monthly average inflow was $5.6 billion, and the annual average inflow was $4.3 billion. When the inflow of stablecoins reaches its peak, it is a lagging signal. When some investors accelerate profit taking, the exchange increases the supply of stablecoins. The latest investors continue to bet on the rise of Bitcoin prices, and market demand still needs to improve.

Data shows that since January 2004, the M2 growth rate of major developed economies worldwide has exceeded nominal GDP growth: Canada's M2 growth rate is 368% compared to nominal GDP growth rate of 159%, the United States' M2 growth rate is 279% compared to GDP growth rate of 171%, France's M2 growth rate is 258% compared to GDP growth rate of 84%, the Eurozone's M2 growth rate is 211% compared to GDP growth rate of 102%, and Japan's M2 growth rate is 90% compared to GDP growth rate of 25%.

PRO chip distribution data shows that in the past six months, 50% of ETH's traded chips have been concentrated in the range of $1873.54 to $2274.30. Currently, the ETH price is $1858.33, which has fallen below the lower edge of the dense zone ($1873.54), about 0.81% from the lower edge, entering a relatively sparse area of chips. Historical data shows that when the price enters the chip sparsity stage, it is easy to accelerate the market, and it is necessary to focus on whether the price can stand firm in the new area to confirm the effectiveness of the breakthrough. PRO users can use the "Chip Distribution" indicator to confirm the change in trading volume at the time of breakthrough, in order to distinguish between true and false breakthroughs. The data is for reference only.