PANews August 27 news, Trend Research, a secondary investment institution under LD Capital, stated in its latest report: "Since ETH entered this round of upward cycle, every time there is a short-term fluctuation adjustment, the market begins to spread the data situation of ETH unstaking. However, from the perspective of supply and demand, the demand generated by institutional consensus currently far exceeds the supply from unstaking, and we believe that the long-term fully loaded unstaking situation is not sustainable. Since the treasury company represented by SharpLink started buying, U.S. companies holding ETH have held nearly 20 billion USD worth of ETH, accounting for 3.39% of the total supply, among which Bitmine is 75% away from achieving its goal of holding 5% of the total ETH. In the future, with the further implementation of crypto-friendly policies and Wall Street reaching a consensus on the long-term value of ETH, the "rush" for ETH has just begun. As the interest rate cut cycle is about to arrive, we are raising the long-term target price for ETH and believe that ETH's market value will surpass BTC within 1-2 bull-bear cycles."
