#机构疯抢以太坊 Institutional investors are celebrating, while retail investors are still on the sidelines: Has the market changed?

The most unusual aspect of this Ethereum rally is that it completely shatters the stereotype of retail investors dominating. The latest data shows that 70 institutional treasuries and ETFs collectively hold 9.49 million ETH, representing nearly 8% of the circulating supply. This means that 8 out of every 100 ETH are locked up by institutions. More importantly, when the price broke through $4,200, the number of whale addresses holding over 10,000 ETH reached a 13-month high, with the movements of these "smart money" almost perfectly syncing with the price increase.