Is ETH being bought up by institutions to become a "rare Moutai"?

Retail investors suddenly realize they can no longer compete.

What does ETH resemble more and more recently?
Like discounted eggs being fiercely snatched up by aunties in the supermarket.
Just as you’re about to buy,
the shelves are already empty.
As BitMine continues to sweep the market, the discussion begins again about a dangerous issue:
Will ETH enter a "liquidity shortage era"?
Many people used to think:
ETH supply is almost infinitely "abundant."
But the reality is:
ETF lock-ups,
staking lock-ups,
DeFi lock-ups,
institutional treasury lock-ups.
The ETH that can actually circulate is becoming fewer and fewer.
So now a strange situation has formed:
Retail investors feel ETH hasn't risen much,
but institutions are hoarding madly.
Why?
Because they are betting on the future.
If on-chain finance continues to expand,
ETH might not just be a coin.
It could be "the fuel tax of the digital world."
Whoever holds ETH,
is equivalent to holding the right to future on-chain economic charges.
That’s why Tom Lee’s statement about "approaching 5% supply target" triggers market nerves.
Because this means:
capital is seriously studying "controlling circulating supply."
And in the past, this kind of play only appeared in the gold, oil, and silver markets.
Now ETH is starting to show this flavor too.
The funniest thing is:
Many retail investors are still waiting for "ETH to dip before buying."
But institutions simply don’t play fair.
They buy on dips.
In the past, people worried ETH would have no demand.
Now they’re worried:
"Will there still be cheap ETH in the future?"
But there’s another side to the story.
As chips become more concentrated,
market volatility will become more intense.
It’s easier to squeeze the shorts during an uptrend,
and it can also trigger a stampede during a downtrend.
Because the less circulating volume,
the easier the price is driven by big funds.
This is also why recent ETH spikes have become more and more outrageous.
You might think it’s technical analysis,
but it could just be a whale turning around.
So in the future, ETH markets might look more and more like:
"a war between institutions."
And retail investors’ biggest task,
might not be predicting the trend,
but not getting shaken out. #比特币跌破8万美元