Trump’s Fed Pressure and Global Trade Tensions Shape

On Temmuz 25, 2025, global markets are under pressure as Trump’s push for lower rates and trade deal uncertainty weigh on risk appetite. Bitcoin volatility expected as futures expire.
Trump’s Fed Visit and Trade Tensions Weigh on Global Markets

Haftalık Ethereum Onchain Raporu

Aktif Adresler

Ethereum Aktif Adresleri

Between Temmuz 30 and Ağustos 6, a total of 493,077 active addresses entered the Ethereum network. During this period, the Ethereum price rose from $3,497 to $3,703. Especially on Temmuz 31, at the intersection of the price and the number of active addresses, there was a significant decrease in the number of active addresses while the price continued to rise. This suggests that despite the price increase in the following days, short-term participation decreased and was probably dominated by trades among existing investors. When the 7-day simple moving average (SMA) is analyzed, it is seen that a general upward trend is dominant in the Ethereum price.

Aktif Gönderme Adresleri

Ethereum Aktif Gönderim Adresleri

 

Between Temmuz 30th and Ağustos 6th, there was an upward movement in active shipping addresses with the Black Line (price line). On the same day that the price reached a weekly high, active sending addresses rose to 346,230.

 

 

 

Aktif Alıcı Adresleri

Ethereum Aktif Alıcı Adresleri

 

 

Between Temmuz 30 and Ağustos 6, there was an upward consolidation in active buying addresses and a parallel upward consolidation in the price. On the day of the price high, active receiving addresses dropped to 229,093, indicating that buying is slowing down.

 

 

 

Toplam Bahis Değeri

Ethereum Toplam Değeri Stake Edildi

 

 

On Temmuz 30th, ETH price was 3.809 while Total Value Staked was 36.168.745. As of Ağustos 5, ETH price fell to 3,611, a decrease of 5.20%, while Total Value Staked rose to 36,180,645, an increase of 0.03%.

 

 

 

  Staking Inflows

Ethereum Staking Girişi Toplam

 

 

On Temmuz 30th, ETH price was at 3,809, while Staking Inflow was at 15,532. As of Ağustos 5, ETH price fell to 3,611, a decrease of 5.20%, while Staking Inflow rose to 39,030, an increase of 151.38%.

 

 

 

Türevler

Açık Faiz

ETH OI

Open positions, which were around $26.7 billion at the end of Temmuz, fell sharply to $23 billion in the first days of Ağustos. In the same period, the price fell similarly, suggesting a general retreat or cautious behavior in the market. On Ağustos 2, after both price and open interest hit their lows, a recovery began. On Ağustos 3 and 4, the rise in the price is more prominent, while open interest accompanies it, but with a more limited momentum. As of Ağustos 5, open interest starts to decline again and settles at a flat level. Price similarly retreated sharply on that day, before recovering slightly on Ağustos 6. Overall, this chart shows that in the short term, both investor interest and price movements are fluctuating, and the market remains indecisive and cautious. Since open positions could not increase permanently during this period, it is understood that there is no expectation of a strong direction in the market.

 

         3.2. Funding Rate

ETH Fonlama Oranı

 

Looking at the chart in general, Ethereum’s funding rates have been on an upward trend since Ağustos 2. Rates, which were at lower levels before this date, suddenly moved upwards and reached their highest level as of Ağustos 6. This shows that long positions are gaining weight in the market and investors are expecting the price to rise. But interestingly, the price movement is not as strong as the funding rate. Although the price declined significantly from the end of Temmuz to Ağustos 2, the funding rate started to increase from Ağustos 2, meaning that investors continued to open long positions despite the decline. After Ağustos 4, the price rebounded somewhat, but not in line with the aggressive rise in the funding rate. This suggests that the market may be too optimistic. Although the funding rate is high, the fact that the price does not fully support this may indicate that caution should be exercised in the short term.

 

 Uzun ve Kısa Tasfiyeler

With the ETH price falling to $3,354, approximately $1.1 billion worth of long positions were liquidated. During the same period, a short position of 359 million dollars was liquidated.

Tarih Uzun Tutar (Milyon $) Kısa Tutar (Milyon $)
Temmuz 30 114.50 40.11
Temmuz 31 94.30 30.89
Ağustos 01 373.88 40.97
Ağustos 02 152.93 31.68
Ağustos 03 28.93 57.00
Ağustos 04 17.15 115.86
Ağustos 05 337.88 42.91
Toplam 1119.57 359.42

 Tedarik Dağıtımı

ETH Tedarik

Total Supply: 120,993,223 units, up about 0.01775% from last week.

New Supply: The amount of ETH produced this week was 21,487.

Velocity: Velocity was 8.91 as of Ağustos 4, up from 8.85 last week.

Cüzdan Kategorisi 28.07.2025 04.08.2025 Değişim (%)
100 - 1k ETH 8.8642M 8.7981M -0.746%
1k - 10k ETH 12.6256M 12.7372M 0.884%
10k - 100k ETH 18.1479M 18.4725M 1.789%
100k+ ETH 4.3805M 4.2244M -3.564%

According to the latest weekly data, Ethereum wallet distribution is mixed. While wallet balances in the 100 – 1k ETH range experienced a limited decrease of 0.746%, a moderate increase of 0.884% was recorded in the 1k – 10k ETH segment. In contrast, there was a notable increase of 1.789% in the 10k – 100k ETH range, while the 100k+ ETH category saw a significant decrease of 3.564%.

 Exchange Supply Ratio

Ethereum Borsa Arz Oranı

Between Ağustos 30th and Ağustos 5th, the Ethereum Exchange Supply Ratio  increased from 0.13849551  to 0.13873636. During this period, the Ethereum price rose from $3,703 to $3,720. At the intersection of the price and the Exchange Supply Ratio, especially on Ağustos 2, there was a significant increase in the Exchange Supply Ratio as the price continued to fall. This suggests that despite the price decline, the amount of Ethereum supplied to exchanges has increased, possibly indicating that long-term investors have stopped holding their holdings. It is seen that a downward trend is generally dominant in the Ethereum price.

Döviz Rezervi

Ethereum Borsa Rezervi - Tüm Borsalar

Between Temmuz 30 and Ağustos 5, 2025, Ethereum reserves on exchanges decreased from 19,030,470 ETH to 18,921,976 ETH. During this period, there was a total net outflow of 108,494 ETH, a decrease of about 0.57% in exchange reserves. During the same period, the Ethereum price fell 5.2%, from $3,810 to $3,612. The decline in the price despite the continued reduction in reserves indicates that investors are following a cautious strategy of profit realization or selling. In the long term, the decline in reserves continues to support bullish potential, while in the short term, continued stock market outflows and selling pressure may cause the price to remain in a more sideways trend.

Tarih 30-Jul 31-Jul 1-Aug 2-Aug 3-Aug 4-Aug 5-Aug
Borsa Girişi 1,010,735 1,009,376 1,350,715 496,083 383,635 957,304 1,159,541
Döviz Çıkışı 1,007,639 1,321,446 1,150,141 516,965 357,842 968,146 1,150,609
Exchange Netflow 3,095 -312,070 200,574 -20,881 25,793 -10,842 8,932
Döviz Rezervi 19,030,470 18,718,400 18,918,974 18,898,092 18,923,885 18,913,043 18,921,976
ETH Fiyat 3,810 3,703 3,486 3,393 3,497 3,721 3,612

Ücretler ve Gelirler

ETH Ücretleri (Ortalama)

When the Ethereum Fees per Transaction (Mean) data between Temmuz 30 and Ağustos 5 is analyzed, it is seen that this indicator was realized at the level of 0.000336440317944061 on Temmuz 30, the first day of the week.

As of this date, a downward trend was observed due to the volatile movements in the Ethereum price; as of Ağustos 3, it reached 0.000105307312637154, reaching the lowest level of the week.

In the following days, Ethereum Fees per Transaction (Mean) started to rise again and closed at 0.00017961704632878 on Ağustos 5, the last day of the week.

Bitcoin: Ücretler (Toplam)

ETH Ücretleri (Toplam)

Similarly, an analysis of Ethereum Fees (Total) data between Temmuz 30 and Ağustos 5 shows that on Temmuz 30, the first day of the week, this indicator stood at 612,6568096551816.

As of this date, a downward trend was observed due to the volatile movements in the Ethereum price; as of Ağustos 3, it reached 159.64114712885606, the lowest level of the week.

In the following days, Ethereum Fees (Total) started to rise again and closed at 337,32638113388487 on Ağustos 5, the last day of the week.

 Çıkarılan Bloklar

Ethereum Blokları Çıkarıldı

Between Temmuz 30 and Ağustos 5, Ethereum block production data showed an increase throughout the week. While 7,146 blocks were produced on Temmuz 30, this number increased to 7,161 as of Ağustos 5. The increase in the number of blocks produced indicates that the network was used more intensively during this period. There was a positive correlation between the Ethereum price and the number of blocks produced throughout the week.

Blok Boyutu

Ethereum Blok Boyutu

Between Temmuz 30 and Ağustos 5, Ethereum block size data showed a significant increase throughout the week. On Temmuz 30th, the average block size was 99,914 bytes, while as of Ağustos 5th, this value increased to 119,084 bytes. There was a negative correlation between block size and Ethereum price during the week.

 Blok Aralığı

Ethereum Blok Aralığı

Between Temmuz 30 and Ağustos 5, Ethereum block data showed a slight decrease throughout the week. On Temmuz 30, the average block duration was 12.09 seconds, while it decreased to 12.06 seconds as of Ağustos 5. During the period in question, Ethereum block duration and price movement were positively correlated throughout the week.

İşlem

Ethereum İşlem Sayısı (Toplam)

Last week, a total of 11,143,025 transactions were executed on the Ethereum network, while this week this number decreased by about 4.82% to 10,605,471. The highest number of transactions on a weekly basis was 1,878,031 on Ağustos 5, while the lowest number of transactions was 1,515,955 on Ağustos 3.

This change in the number of transactions suggests that the usage on the network has stopped increasing and stabilized a bit, and Ethereum burns have decreased compared to last week. The correlation between the price and the number of transactions was positively weighted throughout the week.

Transfer Edilen Jetonlar

While the total amount of ETH transferred on the Ethereum network last week was 16,952,280, this week this amount decreased by approximately 23.81% to 12,913,505. 2,530,694 ETH transfers on Ağustos 1 was the highest daily token transfer amount of the week, while Ağustos 3 recorded the lowest value of the week with only 1,019,774 ETH transfers. When the relationship between the price and the amount of tokens transferred was analyzed throughout the week, a balanced correlation was observed.

The fact that the number of transfers in network usage has decreased, but the total amount of tokens transferred has decreased much more, suggests that user activity on the Ethereum network has decreased, but the volume of smaller users has increased. This can be interpreted as Ethereum expanding its user base to small investors on DeFi, NFT and other Web3 applications.

 Tahmini Kaldıraç Oranı

Ethereum Tahmini Kaldıraç Oranı

 

During the 7-day period, the metric generally declined. ELR (Estimated Leverage Ratio), which had a value of 0.835 at the beginning of the process, increased after the day and reached its highest value of 0.852 on Temmuz 31. After this point, the metric declined to 0.763 at the time of writing. A higher ELR means that participants are willing to assume more risk and generally indicates bullish conditions or expectations. It should be noted that these rallies can also be caused by dwindling reserves. When we look at Ethereum reserves, there were 19.03 million reserves at the beginning of the process, while this figure decreased during the rest of the process and is currently seen as 18.93 million. At the same time, Ethereum’s Open Interest is seen as 55.64 billion dollars at the beginning of the process. As of now, the volume decreased in the process and the open interest value stood out as 47.27 billion dollars. With all this data, the ELR metric has retreated for most of the process. The price of the asset, on the other hand, experienced the highest point of the process with all this data on Temmuz 31 and set it at $ 3,878. The lowest point was realized on Ağustos 3 at $ 3,353. As of now, the risk appetite of investors and traders seems to have decreased. This was reflected in the ETH price, causing the price to remain flat at the moment. The decline in the ELR rate and the decrease in open interest throughout the process shows us that investors are hedging. As a result, the decline in reserves and open interest indicates that the market has lost its appetite and is on a bearish approach.

 

ETH Onchain Genel

Metrik Pozitif 📈 Negatif 📉 Nötr ➖
Aktif Adresler
Toplam Bahis Değeri
Türevler
Tedarik Dağıtımı
Döviz Arz Oranı
Döviz Rezervi
Ücretler ve Gelirler
Mayısısısınlı Bloklar
İşlem
Tahmini Kaldıraç Oranı

*The metrics and guidance in the table do not, by themselves, describe or imply an expectation of future price changes for any asset. The prices of digital assets may vary depending on many different variables. The onchain analysis and related guidance are intended to assist investors in their decision-making process, and making financial investments based solely on the results of this analysis may result in harmful transactions. Even if all metrics produce a positive, negative or neutral result at the same time, the expected results may not be seen according to market conditions. Investors reviewing the report would be well advised to heed these caveats.

Yasal Uyarı

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NOT: Ethereum onchain analizinde kullanılan tüm veriler Cryptoqaunt'a dayanmaktadır.

 

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