晨光Crypto
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Behind ETH's New High: Who is Pushing, Who is Laying the Ground?
This is not a retail market; this is an institutional play.
In the past week, ETH broke through its previous highs, and many people in the circle asked me if we are going to see another round of 'pump and dump' like before.
I will state the conclusion directly—this wave is not a typical retail sentiment market, but rather institutions queuing to enter.
Just look at the data: ETF inflows exceeded $1 billion in a single day, with BlackRock alone accounting for over $600 million, and Fidelity also jumped in with over $200 million.
This is not an emotional all-in; it is an asset allocation behavior—just like pension funds buying government bonds, it is a medium to long-term strategy.
In the past week, ETH broke through its previous highs, and many people in the circle asked me if we are going to see another round of 'pump and dump' like before.
I will state the conclusion directly—this wave is not a typical retail sentiment market, but rather institutions queuing to enter.
Just look at the data: ETF inflows exceeded $1 billion in a single day, with BlackRock alone accounting for over $600 million, and Fidelity also jumped in with over $200 million.
This is not an emotional all-in; it is an asset allocation behavior—just like pension funds buying government bonds, it is a medium to long-term strategy.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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