It can be confirmed that the expected logic driving this wave of ETH is:

The SEC and the White House announced Project Crypto policies aimed at expanding the U.S. financial market onto the blockchain, to maintain the U.S.'s financial leadership.

After conducting research on various public chains at several Wall Street banks, they selected Ethereum, the largest smart contract chain that does not experience downtime.

So what everyone is doing now:

Building their own E chain, tokenizing various assets, acquiring more ETH.

Currently, Bitcoin has 12%, already held by various listed companies, institutions, and ETF-related issuers, while Ethereum ETH is only about 5.2%, far from Wall Street's expectations.

So this summer, we continue to wash out positions,

continue to shake off more retail investors, accelerating turnover.

The amount of E in everyone's hands is decreasing,

while the amount of E in institutions' hands will continue to increase.