#以太坊行情解读 Whales are in action, and sovereignty is also repositioning — an $88 million race to the starting line Recently, things have gotten interesting. The European Central Bank has been revealed to be debating whether to use Ethereum as the underlying technology for a digital euro, while big capital moves have already been made. Major crypto mining firm BitMine directly invested, purchasing 29,462 ETH tokens for a total of $88.1 million. This isn't a joke from retail investors; institutions are betting on the future. Even more striking, this company clearly aims to acquire 5% of the total Ethereum supply, with a very clear goal. An interesting comparison has emerged. On one side, the EU is still crafting words and researching the use of public blockchains like Ethereum to maintain its financial influence; on the other side, over half of euro stablecoins have already migrated to Ethereum, with the total market surpassing $1 billion. What does this indicate? Ethereum has already become the global "digital settlement hub." This is not speculation; it’s an observable fact. The essence of investment is to seize the future pricing power. Regulators are still in meetings, but the smart money on the chain has long set its formation. Who do you think will ultimately win — the institutions with their early ambushes, or the sovereignty with their strategic moves?

Recently, a signal worth everyone's attention—US regulators have officially approved banks to legally buy, sell, and hold cryptocurrencies. This is not a test by a certain institution, but a formal change at the financial regulatory level. Why is this so critical? Because the logic of banks is completely different from retail investors. The only premise for banks' existence is compliance, long-term stability, and risk controllability. Once banks are allowed to directly hold crypto assets, the deeper implication is that regulation has officially integrated crypto assets into the mainstream financial framework, removing them from the "marginal assets" category. Imagine how the capital structure will change. In the past, the crypto market was mainly driven by retail investors and fringe institutions. Now, the participation of banks' balance sheets, corporate cash management needs, and traditional financial clients' asset allocation demands will gradually open up. Once the banking system gets involved, the incoming funds are no longer "hot money" that moves in and out quickly, but long-term, stable, scaled allocation capital—precisely the force this market has been waiting for. What will a true inflection point look like? It won't be a sudden surge in BTC or ETH prices, but a gradual realization that the market's nature is changing. Volatility logic begins to become more rational, each correction is met with stronger support, and the market's reaction to negative news weakens. When traditional financial systems start to embrace cryptocurrencies, the trend is often already ahead of the curve.

#以太坊行情解读 $ETH $FIL The game rules for Ethereum have changed—from retail follow-the-leader to institutional targeting. Recently, traders have been watching candlestick charts, but the real story is happening on-chain. Those with heavy capital have upgraded from "guessing price movements" to "building infrastructure." Massive funds are voting with their actions for Ethereum's future. Numbers don't lie: BitMine's actions are the most straightforward—by December 21, they had locked in 4,066,062 ETH, accounting for 3.37% of the circulating supply. They are executing a "5% target" plan, primarily continuously absorbing market liquidity. Even more interesting is Fasanara Capital. This asset management giant bought 6,569 ETH in the past two days, then used the lending platform Morpho to collateralize ETH and withdraw 13 million USDC, continuing to buy. This operational flow indicates one thing—they are using a "borrow to increase holdings" leverage strategy to anchor ETH's long-term value. Wall Street has already entered the game: JPMorgan launched the first tokenized money market fund, MONY, which immediately brought trillions of dollars of institutional funds onto the Ethereum network. This is not just a compliance nod but a declaration: Ethereum is now the standard platform for global asset issuance and settlement. The contrast is stark—retail investors are still debating "whether to cut losses," while institutions have locked in a complete value chain cycle of "buy → stake → earn interest → repeat." This market cycle belongs to those who understand infrastructure, not those relying on luck. The market landscape has been reshuffled. Are you going to watch the show, or are you going to participate for real?