Breaking news, Wall Street has taken action! 6.48 million ETH locked, is ETH on its way to the moon?
Brothers, the breaking news is here! The latest data on the US Ethereum spot ETF has exploded: total holdings have exceeded 30 billion USD! That's right, you heard it correctly, a whopping 6.48 million ETH has been locked by institutions, equivalent to 5.36% of the total circulating supply being directly absorbed!
What does this mean? It means the real bull market acceleration button has been pressed! Everyone, think back to when the Bitcoin ETF was launched, how did the funds flood in? That wave sent BTC soaring. Now that the ETH ETF is here, it has directly moved nearly 6.5 million chips, what does that mean? It means that retail investors' available chips have been snatched up in one go!
You must know, institutional money and retail money are not even on the same level. Retail investors buying a few thousand or tens of thousands is already quite a stretch; Wall Street funds come in with billions, crushing everything. Now the ETH ETF has become Wall Street's giant vacuum cleaner, crazily sucking up the chips from the market. With reduced circulation and surging demand, this supply-demand relationship can only lead to one result: price explosion!
What's even more exciting is that this is still the early stage of the bull market! Imagine when the ETH ETF holdings soar from 30 billion to 50 billion, or even 100 billion, what will happen in the market? By then, ETH will not just be a target price of 5000 USD, even 10,000 USD will not be a dream!
And don't forget, what is the biggest significance of this wave of ETF locking? It represents the attitude of institutions: they are bullish, and they are bullish for the long term. Retail investors can be scared off by news, can be washed out, but institutions will never easily let go. With Wall Street's money coming in, it’s like giving ETH's bull market a direct 'insurance stamp'.
Brothers, the question now is not 'will ETH rise', but 'can you still get on board before it takes off'. The ETF locking has just begun, and the market's sentiment has not fully erupted yet. By the time everyone realizes ETH is about to take off, the price may have already doubled.
Lastly, I wish every person who likes, saves, and follows this article can reap a bountiful harvest in this round of the bull market!
Stay tuned: $BTC $ETH $XRP BNB DOGE SOL SUI PEPE LINK UNI BIO EPIC MAGIC ASR MOVR RAY OG LDO
