The report states that within the next 1-2 bull-bear cycles, the market value of Ethereum may surpass that of Bitcoin.

According to news from Hash World, 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 information about ETH unstaking data. However, from the perspective of supply and demand, the demand generated by institutional consensus is currently far greater than the supply of unstaking. Moreover, we believe that the long-term fully loaded unstaking situation is not sustainable. Since financial companies represented by SharpLink began buying, US companies holding ETH have accumulated nearly $20 billion in ETH, accounting for 3.39% of the total supply, with Bitmine still having 75% progress to reach its target of holding 5% of the total ETH. With the further implementation of crypto-friendly policies and Wall Street forming a consensus on ETH's long-term value, the 'rush' for ETH has just begun. As the interest rate cut cycle approaches, we are raising our long-term target price for ETH and believe that its market value will surpass BTC in 1-2 bull-bear cycles.