Ethereum is being quickly absorbed by traditional financial institutions, and I'm happy to see the fuel in the bears increasing, which is the pace we're moving forward - To put it bluntly: Ethereum has now officially entered the "Wall Street mode"! Yesterday, BMNR also disclosed that the data is taking advantage of this wave of ETH pullback to accelerate buying! On Wall Street, most of the funds are mainly arbitrage and liquidity strategies, but it also means that ETH has become a "compliant investment asset". The large increase in holdings by leading institutions is not only a recognition of the liquidity of ETH ETFs, but also an endorsement of the long-term value of ETH by traditional capital.
Cointelegraph
Cointelegraph18.8. klo 13.00
🚨UPDATE: Ethereum’s leveraged short positions hit a record-high.
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