The reason for the long-term weakness of ETH, one view is: it is currently undergoing a change of leadership, with Wall Street's large Financial Institution becoming the new leader, gradually taking over the chips from the previous wild leader.

Author: Yue Xiaoyu

ETH has been in a long-term slump, let's give everyone a psychological massage.

The reason for the long-term weakness of ETH, one view is: it is currently undergoing a change of leadership, with Wall Street's large Financial Institution becoming the new leader, gradually taking over the chips from the previous wild leader.

We can also get such verification from the data: in the past year, the market share of the top 100 holding Address has shown a rising trend, reaching 66% currently, especially after the listing approval of ETH ETF, there has been a significant increase.

This indicates that the concentration of ETH is actually increasing. The top Address has been buying, but the ETH price has not risen, what does it mean?

On the one hand, it indicates that the market maker has always been there, and has been continuously accumulating; on the other hand, it indicates that there is a large amount of turnover in the market, not only the retail investor is losing chips, but also this group of top Addresses is also internally changing hands, that is, changing market makers.

To know that ETH and BTC are the only two Tokens with ETFs, and ETH has a significant advantage over BTC: stake returns.

Once the ETF starts stake, the subsequent income, or even restake, will yield at least 3% risk-free returns in coin terms, which is actually very attractive, especially compared to TradFi products.

This is the untapped potential of ETH, as well as its potential maximum Favourable Information.

Traditional Financial Institutions will not miss this cake and have a strong willingness and motivation to become the new whales of ETH.

However, ETH has already been the main narrative in two rounds of bull and bear markets. There are naturally more long-term holders and the chips are more scattered. Therefore, it takes a long time for the turnover of these chips, and it needs sufficient Whipsaw.

So to suppress the price of ETH for a long time, make long-term holders lose their chips, such as switching to popular SOL, etc., in order to concentrate the chips in the hands of new institutions.

Only when the new Accumulation is sufficient, can there be motivation to push up the price of ETH.

This is a sun plot.

Therefore, do not discard the truly valuable chips in your hand, namely BTC and ETH, to survive this long and painful Whipsaw, in order to achieve the long-term returns you truly desire.