Ethereum transaction volume soars! But why is the price still "playing dead"?

ETH mainnet transaction volume hits a monthly high, but the price hasn't taken off simultaneously.
This is a classic case of —
"Fundamentals are strong, but the price remains calm."
Why is that?
The reason is actually simple:
The market looks not only at usage but also at "where the money is."
Transaction volume rising indicates the chain is being used;
but for the price to rise, there needs to be net capital inflow.
If activity is only on-chain but funds are circulating within the market, the price will find it hard to explode.
In other words:
People are playing, but no one is adding money.
However, this stage is actually very important.
Because history has repeatedly shown:
Prices usually lag behind fundamentals.
The current ETH is more like an engine that has started but hasn't pressed the accelerator yet.
And that "Maji" over 30 million orders is betting that —
The accelerator will eventually be pressed.
To sum up in one sentence:
On-chain prosperity is the night before a price explosion, but not a guarantee. #WCTC交易王PK