According to @cas_abbe, Ethereum flows indicate DeFi is reducing risk as leverage loops unwind, shifting on-chain exposure toward institutional channels (source: @cas_abbe). Traders are closely watching stETH-ETH peg stability, as depeg risks can affect collateral quality and liquidity across DeFi (source: @cas_abbe). Institutions are increasing exposure, with ETFs taking in billions even as stakers withdraw, pointing to a rotation in who holds ETH rather than market weakness (source: @cas_abbe). For positioning, traders can track ETF net inflows, staking withdrawals, and the pace of DeFi de-leveraging as key flow metrics (source: @cas_abbe).

According to @cas_abbe, headlines about record ETH unstaking reflect a market reset as DeFi users unwind risky positions, while institutions are buying the ETH being sold, pointing to sell-side absorption rather than capitulation; source: @cas_abbe on X, Aug 17, 2025. He adds that Ethereum continues to progress fundamentally, suggesting traders monitor on-chain deleveraging and institutional spot flow to time entries and assess order-book support during unstaking waves; source: @cas_abbe on X, Aug 17, 2025.