Ethereum supply is vanishing into record staking vaults, but a hidden liquidity mirage is creating a massive trap

More than 36 million ETH is now staked in Ethereum’s proof-of-stake system, close to 30% of the circulating supply and worth over $118 billion at recent prices. That headline number sounds like a clean vote of confidence: holders are locking up their ETH to secure the network, collect yield, and signal they’re in no rush […]