July 17, 2025

Ethereum's recent trend is quite impressive; not only is its price leading the market, but its exchange rate against Bitcoin is also continuously rising. The reason for this aggressive movement, in my opinion, is that it has completed a turning point earlier, or in other words, the major players have acquired the chips. The most direct reason is that Wall Street has begun to ignite a wave of Ethereum-based strategies like MicroStrategy, with many companies following suit. However, instead of Bitcoin, they are choosing Ethereum as their target, which has injected a direct stimulant into Ethereum's rise.

I mentioned a sentence before: if institutions were to choose an asset other than Bitcoin, without a doubt it would be Ethereum. After all, Ethereum still remains the second most decentralized existence after Bitcoin, and currently, only Bitcoin and Ethereum have spot ETFs, their positions are self-evident. In a sense, Ethereum benefits from the capital overflow of Bitcoin. Imagine you are a CEO of a company and you want to allocate a certain proportion of digital assets as strategic reserves. Bitcoin might be a good choice, but due to its high price, investing in it would essentially be dressing up MicroStrategy. So why not choose the second place?

Of course, I’m not saying that choosing Ethereum is the best choice, but everyone has their own aspirations, and companies strategically allocating Bitcoin are still increasing. So how do we view the upcoming trend of Ethereum? Let’s refer to MicroStrategy’s continuous buying after the price trend of Bitcoin; I can only say that Ethereum is still in an upward trend. As for how high it will rise, it’s hard to say at the moment. After all, the influence of the combined efforts of the main players and various buyers on the price is too significant after the market consolidation.

A noteworthy piece of news is that the ancient whale holding 80,000 bitcoins seems to be selling off the remaining 40,000 bitcoins. If they sell out, a single order close to 10 billion USD has only caused a slight stagnation in the bitcoin market on the OTC market, which shows the madness of the overall market. Once this order is digested, the subsequent market rebound should not be underestimated. In short, all signs now indicate that the market is heading towards madness, so buckle up.

Thank you for your perseverance along the way.