English
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 The price of Ethereum suddenly jumped 6% to exceed $4,200, and the entire crypto market was shocked! This wave of market conditions came quickly and violently, catching many investors off guard. But you know what? Behind this is not a simple market fluctuation, but Wall Street capital is playing a big game!   Funds are the real driver of this market trend On-chain data shows that Ethereum’s fundamentals have not changed much. Activity and revenue are even down from last year. So the question is – why are prices soaring? The answer is simple: financial push! And most of these funds come from the US stock market. According to the latest data, the US Ethereum spot ETF bought 70% of the new ETH. Wall Street giants like BlackRock, Grayscale, and Bitwise are hoarding coins like crazy! Look at these staggering numbers: ETH spot trading volume exceeded $1.2 trillion in July The price surged 60% and only 1.8 million new ETH buying orders were added. Among them, U.S. stock ETFs bought 1 million units. The linkage effect of the DeFi sector is amazing The surge in Ethereum has driven the prosperity of the entire DeFi ecosystem. Mainstream protocols such as Uniswap and Curve DAO have increased by more than 10%! This is not a coincidence, but a deliberate decision by capital.  The XBIT decentralized exchange monitored that when Ethereum exceeded US$4,100, a single large transaction reached nearly US$2.5 million. Market trading activity has increased significantly, and the leverage ratio has soared to a high level of 0.90. Even more shocking is: Bitcoin rises 3.19%, surpassing $115,000 Ethereum rose 6.11% in 24 hours, reaching a maximum of $4,200 Transaction volume surges to $13.772 billion The overall 24-hour increase in the DeFi sector reached 5.89% Wall Street’s new game: currency-stock linkage The most noteworthy thing about this wave of market conditions is the phenomenon of currency-stock linkage. Some U.S. listed companies are transforming into ETH currency hoarding companies, and the people behind them are top investment institutions such as ETH co-founder Joseph Lubin and Pantera Capital! Check out these heavyweight players: SBET announces its transformation from a gambling company to an ETH currency hoarding company BMNR shareholders include Peter Thiel and ARK Invest Cantor Fitzgerald and Pantera Capital combo emerges This is not a game for retail investors, but a feast for capital giants! They are using advanced gameplay to manipulate the market, and the amplification effect may continue to push up prices. What does the future hold? Short term binge or long term value? In the short term, funds will continue to flow into mainstream public chains such as ETH and SOL. Capital market amplification may continue to push prices higher. But in the long run, it ultimately depends on business implementation.  There are several key points worth paying attention to: Competition between Ethereum’s ecological scale and SOL’s high-performance route Interest in tokenizing real-world assets surges Total value locked in DeFi protocols climbs from $115 billion to $161 billion Bitcoin’s market capitalization share fell from over 60% to 58% Ethereum’s market value accounts for 12%, down 2 percentage points from the year’s high How long can this market last? No one can give a definite answer. But one thing is certain: Wall Street capital has been deeply involved in the cryptocurrency market, and their gameplay is changing the landscape of the entire industry. What should ordinary investors do? Don’t blindly follow the trend! Only by understanding the capital logic behind it can you remain invincible in this unpredictable market. Remember, when Wall Street starts playing a new game, the rules have often changed.   |
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