Institutions Frenziedly Accumulating ETH: The Capital Logic Behind the Surface
Recently, the performance of ETH has left many veteran players feeling a bit dazed — clearly, we haven't reached the full-blown bull market phase, yet the price has already seen several consecutive large gains, especially as both on-chain and exchange data indicate that institutions are massively accumulating ETH.
Many people's first reaction is 'the bull market has started,' but from a professional perspective, there is actually a more intricate capital layout logic behind it.
Institutional entry is not about chasing prices, but about positioning.
Retail investors often buy coins driven by emotion, but institutions' actions are almost always based on prior logic.