【Decoding the Five Bullish Logics of the Crypto Market! Don't Be Misled by Bears】
1️⃣ Dollar Liquidity Spillover, Crypto Market Becomes a Reservoir
▶️ If the Fed cuts interest rates, the dollar will accelerate its flow into risk assets, and the crypto market (especially ETH) may be the biggest beneficiary.
▶️ Stablecoin issuance has not pushed up the coin price? Because institutions are waiting for a rate cut signal! Once it starts, funds will flood in.
2️⃣ Fund Rotation Effect: BTC→ETH→Altseason
▶️ Historical Pattern: After BTC rises first, funds will flow to ETH and high-quality altcoins (such as ETH's 24-hour surge of 8.36% in June 2025).
▶️ Institutional Trends: BlackRock's ETH ETF had a net inflow of $321 million in 12 days, while BTC ETF had an outflow of $1.23 billion in the same period.
▶️ Snowball Logic: Funds enter the market → Coin price rises → Application explodes → Demand surges → Coin price rises again (ETH infrastructure is mature).
3️⃣ ETH Financial Risks Resolved, Whales Lie Down and HODL
▶️ Leverage Liquidation: ETH price is far away from the danger zone ($2700+), and a 20% drop will only trigger $336 million in liquidation.
▶️ Whale Behavior: Whales have increased their holdings of 1.2 million ETH in two weeks (cost $2400), and the tendency to hold for the long term is obvious.
▶️ Core Logic: Risk resolution relies on capital spillover, not complete liquidation!
4️⃣ ETF Becomes a Dollar Spillover Channel, Compliant Yield-Bearing ETH is Coming
▶️ BlackRock has formed a 50-person team to lobby the SEC, and the probability of passing "Yield-Bearing ETH ETF" before 2025Q3 exceeds 60%.
▶️ Once approved, Ethereum will become the first compliant yield-bearing digital asset, attracting long-term capital such as pension funds and insurance funds.
5️⃣ Technology Upgrade: Decentralization ≠ the Only Standard, Financial Nature is King
▶️ ETH Pectra Upgrade: TPS improvement, Gas fee reduction, application ecosystem explosion, which is the core of the coin price increase.
▶️ Correct Path: Starting from applications, create a super public chain! Attract traditional funds to enter the market.
▶️ Fund Carrying Capacity: ETH is not inferior to BTC, and the advantages of the technical platform are irreplaceable.
Summary: The crypto market is not a zero-sum game, but a resonance of funds, technology, and ecology! Don't be scared off by the bear's "impossible trinity", seize the four main lines of liquidity spillover, fund rotation, ETF channel, and technology upgrade to have the last laugh!
