In July, Ethereum was crazily bought by large funds, with holdings reaching a new high!

In recent months, an increasing number of professional funds have begun to focus on Ethereum (ETH). According to data from Binance Research, the amount of Ethereum held by enterprises and institutions surged by 127% in July, reaching over 2.7 million coins, worth approximately $11.6 billion, setting a record for the largest single-month growth in history!

This wave of large-scale buying greatly boosted market confidence, pushing the ETH price to a new high in nearly three years. Experts analyze that this is mainly due to Ethereum's strong ecosystem appeal in the decentralized finance (DeFi) and tokenization sectors, attracting funds from traditional financial giants and newcomers in the crypto industry.

Meanwhile, Bitcoin (BTC) has also performed quite steadily, rising nearly 5% in the past week, with the current price stabilizing around $119,000.

The entire crypto market is also strong, with the overall market capitalization rising by 1.8%, surpassing the $4.1 trillion mark. Industry insiders believe that the continuous inflow of institutional funds and the increase in on-chain activity will be key factors in whether Ethereum can narrow the gap with its historical high in the coming days. #ETH突破4400