#山寨季何时到来？
In the early morning of July 18, Ethereum violently broke through $3600, with a monthly increase approaching 50%, reaching a new high since January 2025!
The nuclear-level news that ignited the market has surfaced: BlackRock suddenly submitted a 19b-4 file to the SEC, requesting to add staking features for its $77 billion iShares Ethereum Trust ETF (ETHA)!
This means that Wall Street giants have opened up a channel for traditional capital to participate in on-chain staking for the first time—institutional funds will flow directly into the Ethereum ecosystem to 'bleed' and earn interest, with hundreds of millions in passive income about to flood the market!
Even more deadly, nine Ethereum ETFs collectively absorbed $726 million in a single day, setting a historical record. Among them, BlackRock alone accounted for $500 million, with a terrifying cumulative inflow of $2.27 billion in July!
Policy nuclear explosion! The US Congress has passed three bills in a row, opening the trillion-dollar floodgates.
On July 17, the US House of Representatives passed the GENIUS Act by an overwhelming vote, establishing the world's first legal regulatory framework for stablecoins! The bill is on its way to Trump's desk for signature, entering the countdown to effectiveness!
The concurrently passed Clarity Act will completely reconstruct the regulatory framework for crypto assets, shattering the barriers for traditional financial institutions to enter—trillions of dollars from giants like Goldman Sachs and JPMorgan are ready to flow in!
The market responds with a surge:
XRP, Dogecoin, and Cardano surged over 10% in a single day, with funds overflowing into mainstream altcoins.
Hong Kong-listed crypto concept stocks collectively surged, with Blue港互动 jumping 13% in a single day, as institutional buying channels became overcrowded.
Shorts were slaughtered: nearly 160,000 liquidations in 24 hours, $587 million vanished!
Fund trajectory: The precise hunting ground of the whales.
First tier: DeFi value layer (institutional main battlefield).
Logic: ETH staking returns + real cash flow capture ability.
Leading targets:
LINK: $16.92 → $18.64 (+10.1%), oracle demand drives on-chain settlement surge.
MKR: $1900 → $1938 (+2%), RWA collateral scale surpasses $3 billion creating a protective moat.
CRV: $1.02 (consolidating), governance token capturing protocol revenue model faces value reassessment.
Second tier: Meme sentiment layer (speculative blitz).
Logic: Liquidity overflow + community consensus game.
Key indicators:
DOGE: $0.21 → $0.23 (+9.5%), Elon Musk's hint at 'X payment integration' ignited sentiment.
PEPE: $0.000013 → $0.00001369 (+5.3%), holding addresses increased by 120,000 in a week exposing retail FOMO.
MOODENG: $0.2 → $0.198 (-1%), Vitalik's concept halo fails to withstand practical doubts.
Third tier: L2 transmission layer (ecological value overflow).
Logic: The ecological bonus triggered by Base chain TVL breaking $2.5 billion.
Dark horse targets:
AERO (leading DEX): $0.91 → $0.93 (+2.2%), daily trading volume skyrocketed by 180%.
BRETT (Meme leader): $0.062 → $0.063 (+1.6%), the number of holders doubled in half a month.
TOSHI: $0.0007 → $0.00069 (-1.4%), official endorsement is insufficient, leading to momentum exhaustion.
Xiao Chen's wealth analysis:
Technically, a cup and handle pattern has emerged—similar to the doubling trend of ETH at the end of 2023! Analyst cryptosBatman stated: 'After breaking $3600, $3800-$4000 is within reach!'
Institutional butcher has drawn its knife: BitMine Immersion spends $500 million to increase ETH holdings, surpassing $1 billion in holdings.
Betting giant SharpLink Gaming bought $225 million in Ethereum, with publicly traded companies' balance sheets collectively 'ETH-ifying'.
Summary: Institutions flipped the table: the game rules have completely changed.
Viewpoint: This round of market activity is not a retail frenzy, but Wall Street rewriting the script with real money!
Case: BlackRock bought $2.27 billion in ETH in July alone, averaging $24 million per day. Even more aggressively, it directly applied to the SEC to add staking features to its ETF—this means pensions and hedge funds can passively earn ETH interest, leading to a decreasing circulation of ETH, making the foundation for a price surge more stable.
Xiao Chen's sharp comment: Don't be scared by '160,000 high-leverage liquidations', that's retail cutting each other, institutions are laughing and accumulating. Remember: ETF buying pressure is continuous, pullbacks are opportunities to enter.
Moreover, the altcoin season has truly arrived! But you must follow the right 'leader'.
Altcoin season index recently surged to 49. What does this mean? Simply put, comparing the K-line from the past 90 days, it was found that among the top 100 cryptocurrencies by market cap, 49 of them outperformed the big brother Bitcoin!
Xiao Chen's viewpoints and experiences:
This value of 49 is very, very thought-provoking! It's like dancing on the threshold of the 50 point 'passing line'. Brothers know that once this index breaks 50, it officially enters 'altcoin season'—this means that market funds will no longer focus solely on Bitcoin, but begin to spread towards more diverse, potentially higher-risk but also potentially higher-return altcoin projects.
Grayscale selected coins: average surge of 218% in the last 30 days!
For example: LINK (leading oracle): Institutional buying drives price demand surge, rising 10% in 7 days to surpass $18.6.
STX (Bitcoin Layer 2): Grayscale holdings + US compliance ace, sBTC launch will activate Bitcoin DeFi.
Coinbase 50 index component coins: equivalent to the 'Nasdaq' of the crypto world, XRP, DOGE, AAVE and other weighted coins have recently surged 20%-35%.
Xiao Chen's real trades: small positions in BRETT (Base chain Meme leader) and ENS (Vitalik's direct faction), the logic is simple—if BlackRock's staking passes, the ETH ecosystem infrastructure will feast first!
Follow Fuxiang's predictions and surf this market with a group of people who understand the trends!
