Ethereum’s November: $375B Frenzy & ETFs Go Full ‘Money Heist’ 🚀💸

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Ethereum’s been throwing the ultimate 2025 party-spot trading volume hit $375B in November, because why not? CryptoQuant’s data says it’s “high,” but honestly, it’s just ETH flexing like, “Yeah, I’m still here, Karen.”

ETFs, those shiny new crypto glitter bombs, added a cheeky $35B to the chaos. Institutions are clearly just here for the vibes.

Institutional Money Pours In (Like Water, But Coin)

Ethereum started 2025 with the emotional range of a teakettle-monthly volume bouncing between $280B and $380B before going full Hulk in mid-year. August’s peak? A majestic $599B. But then November happened, and ETH whispered, “Let’s just… chill at $375B,” like a teen refusing to grow up.

Binance, our crypto kingpin, raked in $198B in spot volume. Because of course they did. They’re basically the crypto equivalent of a vending machine that sells both snacks and futures contracts. Retailers and whales alike? Just sipping from the same liquidity chalice. 🍻

ETFs? Oh, they’re just the traditional investors finally realizing they’ve been left out of the crypto slumber party. $35B in volume? That’s not money-it’s a middle finger to the old guard. “Organized liquidity,” they call it. We call it a very expensive coffee order.

Whales are now playing it cool, leaning into long positions like they’re at a yoga retreat for billionaires. ETH’s price? It’s above $3,000, but still down 24% for the month. Classic. Accumulation? More like accumulation of confidence, darling.

CryptoPotato’s latest report reveals wallets hoarding 10,000-100,000 ETH now hold 21 million ETH. And the 100,000+ club? They’ve expanded to 4.3 million ETH. It’s like crypto’s version of a trust fund, but with more volatility and fewer brunches.

ETH Near Neutral Zone (aka the ‘Meh’ Zone)

Ethereum’s currently in a “fair-value” bubble where the MVRV ratio is 1.27. That’s crypto-speak for “I’m not over here crying about losses, but I’m also not celebrating.” Realized Price? $2,315. Market price? Just 27% higher. It’s the financial equivalent of wearing sweatpants to a dinner party-comfortable, but not exactly glamorous.

Binance’s MVRV ratio? 0.999. So close to 1.0, yet so far. Like crypto’s version of a lukewarm cup of tea. Investors are stuck in “no-profit, no-loss” limbo, which historically means either a market bottom or someone’s about to break up with their portfolio. Either way, it’s dramatic.

Long-term MVRV ratios above 3? That’s when crypto turns into a hype train crash. Below 1? It’s just a sad little bear market. Right now, 1.27 is basically Ethereum saying, “I’m balanced. I’m fine. I’m not here to cause drama.” Sure, sweetie. 🤷‍♀️

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2025-11-29 23:20