When giants like BlackRock start accumulating ETH, there are only two types of people in the market - those who got in early and those who regret not getting in.
Simply put, the market is about to change!
BlackRock's Ethereum ETF has already purchased 3.49 million ETH, accounting for 58% of all ETH ETF holdings! What does this mean? It means that more than half of the ETH liquidity in the market is in its hands; the era of institutional control has arrived!
Why is this a big deal?
Institutions are crazily buying ETH: In the past month, BlackRock's purchasing speed for ETH is 15 times that of Bitcoin, indicating that big funds are more optimistic about Ethereum!
ETH might take off: When BlackRock previously applied for an ETH spot ETF, ETH surged directly. This time, with the disclosure of holdings, the market might see another major rally!
Retail investors beware of being cut: The more chips institutions hold, the more volatile the market may become, and those who can't keep up may be thrown off!
Long Ge's perspective:
I believe that BlackRock's large-scale purchase of ETH is not just a short-term positive but may also signal a long-term bull market!
If the ETH ETF is approved, it could bring a threefold increase like the Bitcoin ETF!
But be cautious of risks in the short term; if ETH falls below $4,330, there may be a significant correction, so don’t blindly chase highs!
Impact on the market:
ETH might surge: With institutions continuously buying, prices might keep rising, targeting $4,800 or even higher!
Staking market reshuffle: BlackRock may prefer compliant platforms like Coinbase, which could affect decentralized staking.
Increased volatility: After institutional control, the market may become more 'crazy', with wild surges and drops occurring more frequently!
BlackRock has already acted, and the ETH market is about to explode! Do you want to seize the opportunity, or wait until the price rises before you regret it? #ETH质押退出动态观察
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