This story was originally published on HackerNoon at: https://hackernoon.com/the-mys....terious-entity-impac
The Ethereum upgrade created a new player in the market, and it's the main driver of price.
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The amount of ETH staked quickly went parabolic, rising about 38% since. This was a major downtick in risk exposure, and as such, the amount ofETH staked has gone parabolic. This change resulted in a secondary effect on the market. I wasn’t aware of it until our friends from Paradigm reached out to say we might be interested in some insights.