When publicly traded companies start using equity financing to buy coins, and institutions stockpile ETH more fiercely than a grandma snatching up gold, this 'capital carnival' of cryptocurrency is rubbing technical analysis into the ground!
What exactly is Bitmine planning to do with this $20 billion?
This giant whale company, Bitmine, intends to raise $20 billion by selling stocks and then use all of it to buy ETH, and then stake the purchased ETH to continue buying coins with the interest, forming an infinite loop of 'buying coins - staking - buying coins again.'
Long's view: This is not investment at all; it's a 'cryptocurrency version of a Ponzi scheme'—but legal and dangerous!
Technical signals:
The ETH/BTC exchange rate breaking 0.07 indicates that funds are flowing from Bitcoin to Ethereum;
Whale addresses have accumulated 2.1 million coins in the past 30 days, while small and medium retail investors are selling off, a typical 'institution harvesting retail investors' script.
If ETH can hold above $4,800, the next target is straight to $6,000; but if it breaks below $4,300, it may test the $3,800 support level.
What can retail investors do amid the institutional coin hoarding frenzy?
The current situation is:
Spot ETH ETF: $1 billion in funds pour in daily, even crazier than Bitcoin ETF;
Publicly traded companies: Bitmine, Coinbase, MicroStrategy are frantically hoarding coins, turning their balance sheets into 'cryptocurrency ETFs.'
On-chain data: The ratio of stablecoin market value to ETH market value has dropped to 1.2:1, indicating that money is flowing from 'stable assets' to 'risk assets.'
Long warns: Institutions are not doing 'value investment,' they are 'hoarding and stockpiling!'
They know the total supply of ETH is fixed, they know staking can earn interest, and they know ETFs will bring a steady stream of retail funds. So they are buying frantically now, waiting for the price to rise before selling to the next buyer.
The future of the crypto market: Is it the starting point of a bull market, or the final madness?
Long's view:
Short term: ETH is likely to surge, targeting $5,500-$6,000, as institutional funds continue to pour in and retail FOMO sentiment is strong;
Medium term: Beware of risks from Bitmine's financing plan being hindered, ETH staking unlocking tide, and fund diversion after Bitcoin halving;
Long term: If institutions can continue to hoard coins, ETH may become 'digital gold 2.0,' and breaking $10,000 is not a dream; but if regulations tighten or institutions retreat, it may fall back to the $2,000 range.
The current question is not 'Will ETH rise?' but 'Will you survive to the peak of the bull market!' #ETH突破4400 #巨鲸
