#CreatorPad $ETH attracts organizations but small retail investors are reluctant to invest
Although large organizations are constantly announcing the collection of $ETH, data shows that small retail investors are not interested in collecting.
Evidence is the surge in institutional money flow into ETH:
- US Ethereum ETF hits record $21.52B in net assets as of July 31
- Company race to set up ETH reserves exceeding $10B: Bitmine (833,137 ETH ~$2.9B), Sharplink (521,939 ETH ~$1.86B),...
- Since July 9, 14 whale wallets have collected a total of 856,554 ETH ~$236M
Meanwhile, Glassnode shows that the number of <1 ETH wallets has recently increased insignificantly, reflecting the cautious sentiment of small retail investors.
This fear may be due to the fact that most small investors have just returned to shore with $ETH, while altcoins are... This leads to a defensive mentality, instead of spending money to collect more. Meanwhile, organizations see this as an opportunity to buy cheap $ETH and make profits from staking, which small investors are often not interested in because the yield is quite low if the stake is too small.
AE confirm whether the above analysis is correct for yourself?