#以太坊投资机会 A clear on-chain signal has been observed: BitMine has increased its ETH holdings by 102,259 over the past week, with a current total holding of 3,967,210, approaching 4% of the total ETH supply. This is not a short-term emotional fluctuation but a systematic deployment by large institutions.

From a data perspective, several key indicators are worth noting: First, institutions continue to accumulate rather than reduce their holdings, indicating a relatively optimistic outlook on future market trends; second, Tom Lee mentioned that staking these ETH now could generate a net income of over $1 million daily, which means institutions have shifted from purely price appreciation expectations to a long-term holding and income-generating strategy. Third, the commitment to never sell, while somewhat symbolic, reflects confidence in ETH's fundamentals.

Looking at the macro environment, factors such as favorable legislation in 2025, improved regulation, and increased support from Wall Street are indeed strengthening institutions' allocation willingness. The price shock in October has passed, and since then, the market has shown signs of stability.

Caution is needed: large position data alone cannot directly predict price movements, and institutional accumulation may already be partially reflected in current prices. However, from the perspective of capital flow, such sustained net inflow signals are enough to serve as a reference for mid-term strategies.