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Ethereum UTXO Analysis: Risk of Action Based on Unverified On-chain Signals

Source: CoinWorld
In the third quarter of 2025, institutional adoption of Ethereum surged, with ETF inflows reaching $33 billion, and the ETH/BTC ETF ratio increased by 6 times, while unverified UTXO analysis sparked a disinformation debate. Despite speculative rhetoric, fundamentals remain strong: $5.42 billion in whale transfers, 90% lower secondary transaction fees have increased risk-weighted assets (RWA) by $13 billion, and a 4.8% pledge yield surpasses Bitcoin. The regulatory clarity brought by the CLARITY Act and the verification device efficiency gained by the Pectra upgrade further consolidate ETH's structural bullish reason.
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