Bit Digital stakes 73,234 ETH worth $156.6M in a week

Bit Digital has staked an additional 29,900 ETH, valued at $65.3 million, bringing its total to 73,234 ETH staked over the past week. On Polymarket, the probability of Ethereum being above $2,100 on April 13 sits at 99.8% YES, up from 99% a day ago.

Market reaction

The Ethereum above $2,100 market reflects near certainty that Ethereum will hold its price level. Active sub-markets for April 13 have ticked up slightly from a day ago, with trading volume at $11,492 USDC daily.

Why it matters

The market for Ethereum above $2,300 on April 13 hasn’t moved significantly, holding steady. The order book shows it requires $7,967 to shift the price by 5 points, which indicates real liquidity and committed positioning. Bit Digital’s 73,234 ETH staked in a single week is a concrete signal of institutional appetite for ETH exposure.

What to watch

Buying YES shares at 99.8¢ offers almost no upside, but the institutional staking activity suggests a floor for ETH that makes a significant drop unlikely absent a broader market shock. Watch for communications from Ethereum co-founder Vitalik Buterin or announcements from major exchanges like Binance or Coinbase, which could shift sentiment and price action.

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