On Wednesday, institutional investors injected $157 million into Ethereum products, marking the largest single-day inflow since mid-January. Just a few hours later, Ethereum's price surged 15%, reclaiming the $2000 level. Currently, Ethereum is trading around $2050, indicating that the institutional investors' positioning is well thought out rather than retail speculation. Large holders are selling off, while institutional investors are absorbing the supply. The recent rally is supported by structural buying, including Bitmine's $106 million purchase of Ethereum, reflecting a shift in overall market risk appetite.
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JiangCheng
· 3h ago
Wishing you great wealth in the Year of the Horse 🐴
On Wednesday, institutional investors injected $157 million into Ethereum products, marking the largest single-day inflow since mid-January. Just a few hours later, Ethereum's price surged 15%, reclaiming the $2000 level. Currently, Ethereum is trading around $2050, indicating that the institutional investors' positioning is well thought out rather than retail speculation. Large holders are selling off, while institutional investors are absorbing the supply. The recent rally is supported by structural buying, including Bitmine's $106 million purchase of Ethereum, reflecting a shift in overall market risk appetite.