ETH reclaims $3300, with a single-day increase of up to 7%, and this rebound is noticeably stronger than Bitcoin and SOL. Market attention continues to heat up, and institutional actions are even more intriguing.
It is reported that a leading crypto asset management firm has recently increased its holdings of Ethereum significantly, with the purchase progress reaching about 70%, and the actions are frequent and substantial. The firm currently holds over 4 million ETH, with a total value surpassing $13 billion. This position has sparked considerable discussion within the industry. Meanwhile, the firm's shareholder meeting is upcoming, and whether further details about their holding strategy will be disclosed remains a point of interest.
Interestingly, there are also opposing voices in the market. A certain analyst who previously bearish on the crypto market and openly shorted ETH has recently attracted renewed attention. Their bearish logic is mainly based on concerns about market signals. The contrast between institutional bullishness and the analyst’s short positions also indirectly reflects the current market divisions and struggles.
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BrokenDAO
· 6h ago
Institutions spend 13 billion to buy ETH and even hold a shareholder meeting to showcase their holdings. This is a typical case of incentive distortion— the more openly they reveal their strategies, the easier it is for others to follow suit, ultimately failing to verify the actual returns.
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TopEscapeArtist
· 6h ago
Institutional players are hoarding 4 million coins? I see the MACD golden cross and want to buy the dip, but it keeps hitting me with rejections. Now that there's a rebound, I'm even more anxious... Feels like the prelude to a head and shoulders top pattern.
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NotFinancialAdvice
· 6h ago
This move by the institution is really impressive, 4 million ETH... I just want to ask how the analyst can sleep at night. Facing the institution and still daring to openly short, such guts.
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ContractTearjerker
· 6h ago
This move by the institution is a bit outrageous, 4 million ETH... What could they be implying?
ETH reclaims $3300, with a single-day increase of up to 7%, and this rebound is noticeably stronger than Bitcoin and SOL. Market attention continues to heat up, and institutional actions are even more intriguing.
It is reported that a leading crypto asset management firm has recently increased its holdings of Ethereum significantly, with the purchase progress reaching about 70%, and the actions are frequent and substantial. The firm currently holds over 4 million ETH, with a total value surpassing $13 billion. This position has sparked considerable discussion within the industry. Meanwhile, the firm's shareholder meeting is upcoming, and whether further details about their holding strategy will be disclosed remains a point of interest.
Interestingly, there are also opposing voices in the market. A certain analyst who previously bearish on the crypto market and openly shorted ETH has recently attracted renewed attention. Their bearish logic is mainly based on concerns about market signals. The contrast between institutional bullishness and the analyst’s short positions also indirectly reflects the current market divisions and struggles.