According to @MilkRoadDaily, a new X thread compiles ongoing analysis of the Ethereum (ETH) Treasury Flywheel for traders. Source: @MilkRoadDaily on X, 2025-08-23. Actionable data to monitor: - ETH share of DAO and protocol treasuries and rotations into or out of ETH; data available via DeepDAO treasury dashboards and Etherscan labeled wallets. Source: DeepDAO; Etherscan. - Net ETH staking deposits and validator activation/exit queues to assess supply absorbed by staking; data available via Beaconcha.in and Dune Analytics community dashboards. Source: Beaconcha.in; Dune Analytics. - L2 sequencer fee revenues in ETH and treasury movements that can create potential sell-pressure windows; data available via L2BEAT and official project transparency reports. Source: L2BEAT; Arbitrum/Optimism/Foundation disclosures. - On-chain exchange netflows for ETH and large transfers from DAO wallets to exchanges as rebalancing signals; data available via Glassnode and CryptoQuant. Source: Glassnode; CryptoQuant. - ETH derivatives funding rates and options basis around treasury activity to align spot and derivatives positioning; data available via Deribit and Binance market data. Source: Deribit; Binance.