In the past week, on-chain data shows a mysterious whale crazily bought 221,166 ETH, pouring nearly 1 billion dollars of real money! This operation directly boosted the price of Ethereum by 21%, breaking through the 4,200 dollar mark.
Even more explosive is that this is not an isolated case. Since July 10, more than 1.03 million ETH have been swept away by various mysterious funds, with a total value of up to 4.16 billion dollars. These big players are quietly accumulating positions, clearly targeting something.
Now Ethereum's market value has soared to 523 billion dollars, directly surpassing Mastercard, entering the top 25 in global asset rankings. It should be noted that Mastercard is a traditional financial giant, so this surpassing is significant.
The technical aspect is also strong, with a symmetrical triangle formed over the years being strongly broken through, which is seen as a super bullish signal within the circle. Some analysts have directly called out a target price of 15,000 dollars, which means there is still a 250% upside potential from now, making people excited.
But don't celebrate too early, the large-scale buying by institutions is a double-edged sword. Their entry can indeed stabilize prices, but once these whales decide to cash out, the market could face a significant downturn. The current holding structure is too concentrated, and the risks cannot be ignored.
The most interesting thing is the timing of the choice. The US 401(k) pension plan has just opened up to crypto investments, and regulatory environments in various countries are also loosening. These institutions have clearly timed their entry with the policy rhythm. They dared to take heavy positions while the market was still watching, which is a contrarian operational mindset worth learning.
From the application scenario perspective, DeFi, NFT, enterprise-level blockchain to central bank digital currency, Ethereum is building a huge digital economic empire. This wave of mysterious funds' crazy buying may be precisely because they see this grand vision. After all, when the infrastructure matures, the explosion of value is just a matter of time.
