Coinbase's head of institutional research revealed that a major Ethereum treasury entity purchased 795,000 ETH this month, worth $3.6 billion.

Wow, these institutions are really going for it, BMNR bought 310,000, and the ETH reserve company holds over 10 million.

Compared to BlackRock's Bitcoin ETF purchasing 160,000 BTC, this wave of ETH accumulation is significant.

In terms of perspective, this suggests that the rebound in ETH's market share to 13.3% is not to be taken lightly. If it breaks through 4500 in the future, altseason is near, but be cautious of the selling pressure from the 855,000 ETH in the unstaking queue, and it's recommended to pay attention to ETF inflows.