🔥8.10 Market Analysis
Institutions continue to increase their holdings in ETH, BTC, and SOL may take over
- In the past month, several institutions have accumulated approximately $4.1 billion worth of ETH, with an average cost of $3,546, and nearly 30% of the positions have realized profits.
- If ETH rises to the $6,000-$7,000 range, caution is needed regarding selling pressure from institutions taking profits.
- Traditional capital is accelerating its entry, with Harvard University recently allocating $117 million to a Bitcoin ETF, indicating institutions' long-term optimism about crypto assets.
1. ETH has seen significant short-term gains, and holders may consider partially reducing their positions to lock in profits.
2. Market funds may rotate to BTC and SOL, so low-buy opportunities can be monitored.
3. On a macro level, policies and institutional funds remain the main driving forces, making shorting riskier.
Operating Suggestions
- Avoid blindly chasing high ETH prices; wait for a pullback or a breakthrough at key levels before making decisions.
- Pay attention to the rebound opportunities for BTC and SOL, as market styles may switch.
- In the long term, the institutional holding cost (around ETH 3,500) could become an important support.
🔥 The market is changing, and understanding must be swift!
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