$USDC Glassnode data shows that for seven consecutive days, the net accumulation of Ethereum whale wallets has exceeded 800,000 coins per day, with a total position of more than 14.3 million coins in the holding range of 1,000 to 10,000 coins. On June 12 alone, the net increase in Ethereum whales exceeded 871,000 coins, marking the largest single-day net inflow this year. Such a large-scale purchase is also the first since 2017.
After advising everyone to reduce their Bitcoin holdings in mid-May, Uncle San has only suggested that everyone increase their positions in Ethereum once in the past month, while remaining inactive in other sectors. This reflects both the first-mover advantage of Ethereum in the current Wall Street RWA crypto layout and the consideration of Ethereum's infrastructure attracting funds after continuous speculation on stablecoins; the market is unlikely to start from memes and end with memes.
On the macro data front, Bitcoin spot ETFs had a net inflow of $216 million yesterday, continuing a week of net inflows; Ethereum spot ETFs saw a net inflow of $11.09 million, which appears slightly weak in the short term. Overall, after the short-term market dip and rebound caused by geopolitical conflicts, the capital market has a positive attitude towards the possibility of Trump mediating, and the likelihood of a black swan event has decreased again.
