Last night I saw the news that '7 Siblings' whales were dumping ETH en masse, but I am not worried. In the past 15 hours, they sold 19,957 coins, but let's not forget that this group bought over 100,000 coins at the low in February to April, with an average price of only $2,219. Now, their reduction in position is just locking in profits. More importantly, they still hold 1.21 million ETH, worth $5.6 billion, which means they haven't gone far.

In the short term, there will indeed be profit-taking pressure, especially since short-term holders are making over $500 million daily, but the overall selling pressure has not reached panic levels. Institutional funds are still very strong, with ETF net inflows exceeding $1 billion in a single day, and there’s another $20 billion buying plan on the way. As long as BTC doesn't crash, once this adjustment in ETH is over, the chance to break the historical high still looks very promising, and I remain bullish in the medium term. #BitMine200亿美元购买比特币和以太坊