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![AkaBull_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1534065795395125248.png) BitBull [@AkaBull_](/creator/twitter/AkaBull_) on x 70.4K followers
Created: 2025-07-19 04:38:31 UTC

Ethereum is about to do something crazy and no one’s ready for it. 

According to Glassnode’s NUPL metric, sentiment around $ETH quietly shifted in Q2 2025, right around the bottom.

It was the first major signal that smart money was back.

Then came the ETF inflows.
Then came the price pump.

Now the signs are clear:

- Less ETH on exchanges
- Long-term holders aren't selling
- MVRV turning bullish again

People are still waiting for a dip.
But on-chain data says the real move has already started.

This isn’t just a bounce.
It’s the start of a major shift in sentiment.

$ETH under $3k might never come back.

Belief is back.
And belief is fuel for bull runs.

![](https://pbs.twimg.com/media/GwMbO-eW8AEKqqj.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946429419024962013/c:line.svg)

**Related Topics**
[holders](/topic/holders)
[longterm](/topic/longterm)
[exchanges](/topic/exchanges)
[fund manager](/topic/fund-manager)
[money](/topic/money)
[$eth](/topic/$eth)
[Sentiment](/topic/sentiment)
[ethereum](/topic/ethereum)

[Post Link](https://x.com/AkaBull_/status/1946429419024962013)