{"id":65364,"date":"2026-03-26T08:56:46","date_gmt":"2026-03-26T01:56:46","guid":{"rendered":"https:\/\/hbbgroup.net\/data-points-to-accelerating-ether-supply-crunch-will-eth-price-follow\/"},"modified":"2026-03-26T09:21:04","modified_gmt":"2026-03-26T02:21:04","slug":"data-points-to-accelerating-ether-supply-crunch-will-eth-price-follow","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/data-points-to-accelerating-ether-supply-crunch-will-eth-price-follow\/","title":{"rendered":"D\u1eef li\u1ec7u cho th\u1ea5y t\u00ecnh tr\u1ea1ng si\u1ebft ch\u1eb7t ngu\u1ed3n cung Ether \u0111ang gia t\u1ed1c: Li\u1ec7u gi\u00e1 ETH c\u00f3 \u0111i theo?"},"content":{"rendered":"<div data-testid=\"html-renderer-container\">\n<p>Ngu\u1ed3n cung thanh kho\u1ea3n c\u1ee7a Ether (ETH) tr\u00ean m\u1ea1ng l\u01b0\u1edbi Ethereum ti\u1ebfp t\u1ee5c b\u1ecb si\u1ebft ch\u1eb7t, khi d\u00f2ng r\u00fat r\u00f2ng kh\u1ecfi s\u00e0n giao d\u1ecbch, t\u1ef7 l\u1ec7 tham gia staking gia t\u0103ng v\u00e0 l\u01b0\u1ee3ng d\u1ef1 tr\u1eef ETH tr\u00ean s\u00e0n suy gi\u1ea3m \u0111\u1ec1u c\u00f9ng ph\u1ea3n \u00e1nh r\u1eb1ng s\u1ed1 token s\u1eb5n c\u00f3 \u0111\u1ec3 giao d\u1ecbch \u0111ang ng\u00e0y c\u00e0ng thu h\u1eb9p.<\/p>\n<p>C\u00e1c nh\u00e0 ph\u00e2n t\u00edch cho r\u1eb1ng s\u1ef1 co l\u1ea1i c\u1ee7a ngu\u1ed3n cung n\u00e0y c\u00f3 th\u1ec3 \u0111\u00e1nh d\u1ea5u giai \u0111o\u1ea1n \u0111\u1ea7u c\u1ee7a m\u1ed9t \u201cchu k\u1ef3 m\u1edbi\u201d, qua \u0111\u00f3 c\u00f3 kh\u1ea3 n\u0103ng h\u00ecnh th\u00e0nh m\u1ed9t v\u00f9ng \u0111\u00e1y gi\u00e1 mang t\u00ednh c\u1ea5u tr\u00fac v\u1eefng ch\u1eafc h\u01a1n cho ETH trong c\u00e1c chu k\u1ef3 th\u1ecb tr\u01b0\u1eddng s\u1eafp t\u1edbi.<\/p>\n<h2><strong>Staking ETH \u0111ang kh\u00f3a l\u1ea1i 33,1% t\u1ed5ng ngu\u1ed3n cung l\u01b0u h\u00e0nh<\/strong><\/h2>\n<p>T\u1ef7 tr\u1ecdng ETH tham gia staking tr\u00ean Ethereum ti\u1ebfp t\u1ee5c t\u0103ng, v\u1edbi kho\u1ea3ng 38,1 tri\u1ec7u ETH \u0111\u01b0\u1ee3c kh\u00f3a t\u00ednh \u0111\u1ebfn th\u1ee9 T\u01b0, t\u01b0\u01a1ng \u0111\u01b0\u01a1ng kho\u1ea3ng 33,1% t\u1ed5ng ngu\u1ed3n cung. Nh\u00e0 cung c\u1ea5p h\u1ea1 t\u1ea7ng staking Everstake cho bi\u1ebft \u0111\u00e2y l\u00e0 m\u1ee9c cao nh\u1ea5t t\u1eebng \u0111\u01b0\u1ee3c ghi nh\u1eadn, cho th\u1ea5y d\u00f2ng v\u1ed1n \u0111ang d\u1ecbch chuy\u1ec3n \u1ed5n \u0111\u1ecbnh sang tr\u1ea1ng th\u00e1i k\u00e9m thanh kho\u1ea3n thay v\u00ec n\u1eb1m \u1edf ngu\u1ed3n cung c\u00f3 th\u1ec3 giao d\u1ecbch ngay. N\u1ec1n t\u1ea3ng staking n\u00e0y cho bi\u1ebft,<\/p>\n<blockquote><p>\u201cVi\u1ec7c ngu\u1ed3n cung thanh kho\u1ea3n ti\u1ebfp t\u1ee5c suy gi\u1ea3m m\u1ed9t c\u00e1ch \u1ed5n \u0111\u1ecbnh, k\u1ebft h\u1ee3p v\u1edbi nhu c\u1ea7u duy tr\u00ec \u0111\u1ec1u \u0111\u1eb7n, \u0111ang t\u1ea1o ra nh\u1eefng \u0111i\u1ec1u ki\u1ec7n cho m\u1ed9t m\u00f4i tr\u01b0\u1eddng gi\u00e1 c\u00f3 n\u1ec1n t\u1ea3ng c\u1ea5u tr\u00fac v\u1eefng ch\u1eafc h\u01a1n.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d2564-b255-79bf-99dc-e1f735cef228.jpg\" alt=\"Cryptocurrencies, Ethereum, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch, Ether Price, Staking\" \/><figcaption>T\u1ed5ng l\u01b0\u1ee3ng ETH \u0111\u01b0\u1ee3c stake. Ngu\u1ed3n: ValidatorQueue<\/p>\n<p>Nh\u00e0 ph\u00e2n t\u00edch crypto Gaah cho bi\u1ebft th\u00eam r\u1eb1ng quy m\u00f4 ETH b\u1ecb kh\u00f3a \u1edf m\u1ee9c n\u00e0y \u0111ang t\u1ea1o ra s\u1ef1 thu h\u1eb9p r\u00f5 r\u1ec7t \u0111\u1ed1i v\u1edbi ngu\u1ed3n cung thanh kho\u1ea3n.<\/p>\n<p>Ho\u1ea1t \u0111\u1ed9ng c\u1ee7a c\u00e1c validator ETH c\u0169ng \u0111ang c\u1ee7ng c\u1ed1 xu h\u01b0\u1edbng n\u00e0y. H\u00e0ng ch\u1edd tham gia validator hi\u1ec7n ghi nh\u1eadn 2.876.752 ETH, v\u1edbi th\u1eddi gian ch\u1edd \u01b0\u1edbc t\u00ednh g\u1ea7n 50 ng\u00e0y, cho th\u1ea5y nhu c\u1ea7u stake v\u1eabn \u0111ang \u0111\u01b0\u1ee3c duy tr\u00ec m\u1ea1nh m\u1ebd.<\/p>\n<p><img decoding=\"async\" style=\"color: initial; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d2565-34d4-74be-a310-fac0087aa213.png\" alt=\"Cryptocurrencies, Ethereum, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch, Ether Price, Staking\" \/><\/figcaption><\/figure>\n<figure><figcaption>Ho\u1ea1t \u0111\u1ed9ng c\u1ee7a validator ETH. Ngu\u1ed3n: ValidatorQueue<\/p>\n<p>Ng\u01b0\u1ee3c l\u1ea1i, h\u00e0ng ch\u1edd r\u00fat ch\u1ec9 ghi nh\u1eadn 40.504 ETH, v\u1edbi th\u1eddi gian ch\u1edd ch\u01b0a \u0111\u1ebfn 17 gi\u1edd. T\u1ed1c \u0111\u1ed9 churn \u2014 hi\u1ec7n b\u1ecb gi\u1edbi h\u1ea1n \u1edf m\u1ee9c 256 validator m\u1ed7i epoch \u2014 khi\u1ebfn ngu\u1ed3n cung kh\u00f4ng th\u1ec3 quay tr\u1edf l\u1ea1i l\u01b0u th\u00f4ng qu\u00e1 nhanh. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y ngay c\u1ea3 khi t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng \u0111\u1ea3o chi\u1ec1u, qu\u00e1 tr\u00ecnh m\u1edf kh\u00f3a ngu\u1ed3n cung v\u1eabn c\u1ea7n th\u1eddi gian.<\/p>\n<p>Nh\u1eefng \u0111i\u1ec1u ki\u1ec7n n\u00e0y l\u00e0m ch\u1eadm t\u1ed1c \u0111\u1ed9 ETH quay tr\u1edf l\u1ea1i c\u00e1c s\u00e0n giao d\u1ecbch, khi\u1ebfn m\u1ed9t ph\u1ea7n \u0111\u00e1ng k\u1ec3 ngu\u1ed3n cung ti\u1ebfp t\u1ee5c \u1edf tr\u1ea1ng th\u00e1i kh\u00f4ng s\u1eb5n s\u00e0ng cho giao d\u1ecbch.<\/p>\n<p><strong style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">B\u00ean li\u00ean quan:<\/strong><em><a style=\"font-size: revert; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\" title=\"https:\/\/cointelegraph.com\/markets\/ethereum-price-rally-pauses-at-2-200-what-will-trigger-breakout\" href=\"https:\/\/cointelegraph.com\/markets\/ethereum-price-rally-pauses-at-2-200-what-will-trigger-breakout\" target=\"_self\" rel=\"\"> Ethereum price rally pauses at $2.2K: What will trigger breakout?<\/a><\/em><\/figcaption><\/figure>\n<h2><strong>S\u1ed1 d\u01b0 ETH tr\u00ean s\u00e0n giao d\u1ecbch \u0111\u00e3 r\u01a1i xu\u1ed1ng v\u00f9ng th\u1ea5p nh\u1ea5t trong nhi\u1ec1u n\u0103m<\/strong><\/h2>\n<p>D\u00f2ng ETH tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch \u0111\u00e3 ghi nh\u1eadn xu h\u01b0\u1edbng r\u00fat r\u00f2ng \u1ed5n \u0111\u1ecbnh tr\u00ean c\u00e1c n\u1ec1n t\u1ea3ng l\u1edbn trong v\u00e0i tu\u1ea7n g\u1ea7n \u0111\u00e2y. Nh\u00e0 ph\u00e2n t\u00edch crypto Amr Taha nh\u1ea5n m\u1ea1nh r\u1eb1ng OKX \u0111\u00e3 ch\u1ee9ng ki\u1ebfn l\u01b0\u1ee3ng r\u00fat ETH tr\u1ecb gi\u00e1 1,67 t\u1ef7 USD v\u00e0o ng\u00e0y 22\/3. T\u01b0\u01a1ng t\u1ef1, Binance c\u0169ng ghi nh\u1eadn hai \u0111\u1ee3t r\u00fat v\u1ed1n ri\u00eang bi\u1ec7t, m\u1ed7i \u0111\u1ee3t v\u01b0\u1ee3t 300 tri\u1ec7u USD, v\u00e0o \u0111\u1ea7u th\u00e1ng 2.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d2567-2048-7bc2-abdb-03b37244ef01.png\" alt=\"Cryptocurrencies, Ethereum, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch, Ether Price, Staking\" \/><figcaption><\/figcaption>D\u00f2ng ti\u1ec1n r\u00f2ng ETH tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch. Ngu\u1ed3n: CryptoQuant<\/figure>\n<p>C\u00e1c m\u1ee9c netflow \u00e2m l\u1edbn cho th\u1ea5y ETH \u0111ang \u0111\u01b0\u1ee3c r\u00fat kh\u1ecfi s\u00e0n giao d\u1ecbch, thay v\u00ec \u0111\u01b0\u1ee3c \u0111\u01b0a l\u00ean s\u00e0n \u0111\u1ec3 chu\u1ea9n b\u1ecb b\u00e1n ra.<\/p>\n<p>Vi\u1ec7c nhi\u1ec1u s\u00e0n c\u00f9ng l\u00fac ghi nh\u1eadn c\u00e1c \u0111\u1ee3t r\u00fat v\u1ed1n quy m\u00f4 l\u1edbn nh\u01b0 tr\u00ean cho th\u1ea5y ngu\u1ed3n cung ETH n\u1eafm gi\u1eef tr\u00ean s\u00e0n \u0111ang co h\u1eb9p tr\u00ean di\u1ec7n r\u1ed9ng. S\u1ed1 d\u01b0 th\u1ea5p h\u01a1n n\u00e0y gi\u00fap l\u00e0m gi\u1ea3m \u00e1p l\u1ef1c b\u00e1n ngay t\u1eeb ph\u00eda trader, \u0111\u1ed3ng th\u1eddi khi\u1ebfn thanh kho\u1ea3n s\u1eb5n c\u00f3 tr\u00ean th\u1ecb tr\u01b0\u1eddng spot tr\u1edf n\u00ean th\u1eaft ch\u1eb7t h\u01a1n.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019d2569-877f-72b9-8d93-a741c6bc7ecf.png\" alt=\"Cryptocurrencies, Ethereum, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch, Ether Price, Staking\" \/><figcaption>D\u1ef1 tr\u1eef ETH tr\u00ean Binance. Ngu\u1ed3n: CryptoQuant<\/p>\n<p>D\u1eef li\u1ec7u t\u1eeb CryptoQuant cho th\u1ea5y l\u01b0\u1ee3ng cung ETH tr\u00ean c\u00e1c s\u00e0n giao d\u1ecbch \u0111\u00e3 gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2016, trong khi s\u1ed1 d\u01b0 ETH ri\u00eang tr\u00ean Binance hi\u1ec7n \u0111ang l\u00f9i v\u1ec1 g\u1ea7n v\u00f9ng \u0111\u00e1y c\u1ee7a th\u00e1ng 12\/2020, quanh m\u1ed1c kho\u1ea3ng 3,3 tri\u1ec7u ETH.<\/p>\n<p>Khi s\u1ed1 coin s\u1eb5n c\u00f3 \u0111\u1ec3 giao d\u1ecbch ng\u00e0y c\u00e0ng \u00edt \u0111i, \u0111\u1ed9 nh\u1ea1y c\u1ee7a gi\u00e1 \u0111\u1ed1i v\u1edbi nhu c\u1ea7u s\u1ebd t\u0103ng l\u00ean. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 m\u1edf \u0111\u01b0\u1eddng \u0111\u1ec3 ETH b\u1ee9t ph\u00e1 m\u1ea1nh l\u00ean tr\u00ean v\u00f9ng dao \u0111\u1ed9ng hi\u1ec7n t\u1ea1i quanh 2.000\u20132.200 USD, m\u1ed9t khi \u0111\u1ed9ng l\u01b0\u1ee3ng th\u1ecb tr\u01b0\u1eddng quay tr\u1edf l\u1ea1i.<\/p>\n<\/figcaption><\/figure>\n<p><strong>B\u00ean li\u00ean quan:<\/strong> <a title=\"https:\/\/cointelegraph.com\/news\/ethereum-devs-up-security-efforts-post-quantum-team\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-devs-up-security-efforts-post-quantum-team\" target=\"_self\" rel=\"\"><em>Ethereum devs up security efforts with new \u2018Post-Quantum\u2019 team<\/em><\/a><\/p>\n<\/div>\n<p>B\u00e0i vi\u1ebft n\u00e0y kh\u00f4ng ch\u1ee9a l\u1eddi khuy\u00ean \u0111\u1ea7u t\u01b0 hay khuy\u1ebfn ngh\u1ecb giao d\u1ecbch. M\u1ecdi quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 v\u00e0 giao d\u1ecbch \u0111\u1ec1u \u0111i k\u00e8m r\u1ee7i ro, v\u00ec v\u1eady ng\u01b0\u1eddi \u0111\u1ecdc n\u00ean t\u1ef1 nghi\u00ean c\u1ee9u k\u1ef9 l\u01b0\u1ee1ng tr\u01b0\u1edbc khi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh. D\u00f9 ch\u00fang t\u00f4i n\u1ed7 l\u1ef1c cung c\u1ea5p th\u00f4ng tin ch\u00ednh x\u00e1c v\u00e0 k\u1ecbp th\u1eddi, Cointelegraph kh\u00f4ng b\u1ea3o \u0111\u1ea3m v\u1ec1 t\u00ednh ch\u00ednh x\u00e1c, \u0111\u1ea7y \u0111\u1ee7 ho\u1eb7c \u0111\u1ed9 tin c\u1eady c\u1ee7a b\u1ea5t k\u1ef3 th\u00f4ng tin n\u00e0o trong b\u00e0i vi\u1ebft n\u00e0y. B\u00e0i vi\u1ebft c\u0169ng c\u00f3 th\u1ec3 bao g\u1ed3m c\u00e1c tuy\u00ean b\u1ed1 mang t\u00ednh d\u1ef1 ph\u00f3ng, v\u1ed1n ch\u1ecbu \u1ea3nh h\u01b0\u1edfng b\u1edfi nhi\u1ec1u r\u1ee7i ro v\u00e0 y\u1ebfu t\u1ed1 b\u1ea5t \u0111\u1ecbnh. Cointelegraph s\u1ebd kh\u00f4ng ch\u1ecbu tr\u00e1ch nhi\u1ec7m \u0111\u1ed1i v\u1edbi b\u1ea5t k\u1ef3 t\u1ed5n th\u1ea5t hay thi\u1ec7t h\u1ea1i n\u00e0o ph\u00e1t sinh t\u1eeb vi\u1ec7c b\u1ea1n d\u1ef1a v\u00e0o c\u00e1c th\u00f4ng tin n\u00e0y.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ngu\u1ed3n cung thanh kho\u1ea3n c\u1ee7a Ether (ETH) tr\u00ean m\u1ea1ng l\u01b0\u1edbi Ethereum ti\u1ebfp t\u1ee5c b\u1ecb si\u1ebft ch\u1eb7t, khi d\u00f2ng r\u00fat r\u00f2ng [&hellip;]<\/p>","protected":false},"author":5,"featured_media":65365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-65364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/65364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=65364"}],"version-history":[{"count":3,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/65364\/revisions"}],"predecessor-version":[{"id":65488,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/65364\/revisions\/65488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/65365"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=65364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=65364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=65364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}