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![Marcelofox333 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1770490971031064576.png) Marcelo Fox [@Marcelofox333](/creator/twitter/Marcelofox333) on x XX followers
Created: 2025-07-19 14:47:11 UTC

ETH On-Chain Data Turns Bullish

NUPL flipped in Q2 — smart money bought the bottom.
ETF inflows followed. Price pumped.

Now:
 • Less ETH on exchanges
 • Holders aren’t selling
 • MVRV turning bullish

Everyone’s waiting for a dip.
But the real move already started.

![](https://pbs.twimg.com/media/GwOmjPlXsAEOw72.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946582597779292653/c:line.svg)

**Related Topics**
[holders](/topic/holders)
[exchanges](/topic/exchanges)
[fund manager](/topic/fund-manager)
[money](/topic/money)
[onchain](/topic/onchain)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/Marcelofox333/status/1946582597779292653)