August 5, 2025
The rebound in the cryptocurrency market is strong, with Ethereum standing out, peaking at 3,700 points, a rebound of over 10% from its lowest point. I believe everyone should feel the solid buying power behind this. Of course, this strong rebound in the crypto market is greatly supported by U.S. stocks. Last night, the Nasdaq index closed at 1.95%, basically recovering last Friday's drop. Although there were no new highs, the sentiment surrounding the fake data from the U.S. Labor Department has been digested. Next, we need to see how the interest rate cut in September will be implemented, as this will be one of the key factors influencing market trends in the next 2-3 months.
Interestingly, after the rebound in U.S. stocks, Trump jumped in to congratulate, stating on social media: 'The U.S. stock market performed well today, and there will be many more such days. America is becoming prosperous again.' You see what I said yesterday; Trump has repeatedly pressured Powell to lower interest rates, and his motives are definitely not simple. Who knows how many stocks their family holds? The stock market is just a relatively normal rebound, and he can't help but sing a few praises. You say you're the President of the United States; how many issues related to stocks and cryptocurrencies have you focused on since taking office? Not to mention, this family has only issued three coins so far. Recognizing this, I think the certainty of an interest rate cut in September is very high. Additionally, Trump is certainly most worried about the stock market falling, so we only need to pay attention to the cryptocurrency market; someone is watching over there for us.
How will the cryptocurrency market trend next? I think we must pay attention to Ethereum and the driving force behind this bull market - the 'MicroStrategy narrative.' I checked the current purchasing situation of MicroStrategy's Ethereum holdings among U.S. companies, and the largest holder is BitMine, with over 500,000 coins valued at about $2 billion. Following closely is SharpGame, with over 400,000 coins. According to data gathered by Surf, the total amount of Ethereum held by mainstream U.S. companies is 1.4268 million coins, with a total value of $5 billion. It's worth noting that this figure was only 300,000 coins in 2024, meaning that in the past six months, these cryptocurrency companies have purchased over 1 million Ethereum, accounting for about 1% of the total. Since the core logic behind Ethereum's price increase this round is the strategic allocation of funds by U.S. companies, let's not worry about who is footing the bill. MicroStrategy's market influence is the best testament. As long as the MicroStrategy process for Ethereum continues, there will always be new buy orders for Ethereum. According to supply and demand theory, if there is no large-scale liquidation on the supply side, prices will inevitably rise.
I will continue to track and update the data on U.S. companies purchasing Ethereum. Another point worth noting is that we can make a horizontal comparison with Bitcoin. Can anyone guess how much Bitcoin is currently held by U.S. companies? According to Surf's data, it's 925,400 coins, with a total value exceeding $100 billion, which is 21 times the total value of Ethereum purchases. Currently, Bitcoin's total market value is $2.2 trillion, while Ethereum's total market value is over $430 billion. A simple calculation shows that if U.S. companies purchase about 4 million more Ethereum coins, the theoretical increase in Ethereum's price will catch up with Bitcoin's, noting that this is based on Bitcoin starting with a 2. This means that Ethereum's price increase relative to the same period will also be five times, with a target price between $8,000 and $10,000. Next, is it difficult for U.S. companies to spend another $20 billion on Ethereum? Share your thoughts; I don't think it's difficult.
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#以太坊ETF连续12周净流入