August 12, 2025
When Bitcoin continues to be constrained by the $120,000 pressure, Ethereum seems to not have shown any correction, but instead is oscillating in the high range of 4200-4350. Generally speaking, whether it is a recent large rise or a correction after Bitcoin's pull-up, from the perspective of the main players, Ethereum could have a correction. Given such a strong market, I believe it is still influenced by institutional buying. In other words, in the past few days when Ethereum broke through 4100, there must have been a significant amount of profit-taking, but due to strong buying pressure, it directly absorbed the selling pressure. This situation has played out more than once with BTC last year.
Continuing to look at the data through Surf, in the past week, several US stock companies collectively purchased more than 2 million Ethereum, with total holdings surging from about 1 million last week to 3 million today, with a total market value of $13 billion. It is worth noting that the rankings of the top three holders have changed again. Mining company BMNR continues to lead, currently holding 1.15 million, ranking first, followed closely by sports company SBET with about 600,000. Notably, both have been continuously purchasing ETH in the past week, and their stock prices are also rising.
What stands out is that a new competitor was introduced this week - FG Nexus, formerly known as 'Fundamental Global', rebranded as 'FG Nexus', clearly transforming into a pure investment company focused on Ethereum investment. Currently, they have purchased 47,000 Ethereum. Although the amount is still small, it is important to note that this is just the beginning for them. According to publicly available market information, the company has applied for $5 billion in additional stock funding, promising to use it solely for accumulating Ethereum. Goodness, I can only say that these US stock companies know how to play the game; as long as Ethereum rises, these micro-strategy companies will be the biggest beneficiaries. In other words, the Ethereum community's decades of achievements are about to be partially taken by these people.
From the data, the purchasing power for Ethereum is unlikely to diminish in the short term. Without any obvious market bearish signals, Ethereum's price is still expected to rise, and the only potential bearish factor I can think of now is the US stock market. Ethereum has risen too much recently, to be honest, I am a bit anxious. With these US stock companies playing this way, could there be a blowup? Will they go crazy selling Ethereum later? I can only say that it is impossible in the short term; the next 1-3 months are relatively safe. There is also a potential positive factor coming up, which is the interest rate cut in September. We will see if the price is stimulated to rise further then. However, I need to remind you that from now on, even if I remain bullish on ETH, I do not recommend getting back in at the current price; I have already mentioned the best timing many times.
Thank you for your attention and likes.
