The day after ETH liquidation, after seeing these bits of news, my mindset got even more complicated.

——————

The long position at 1625 was just liquidated yesterday—100x leverage, 7 ETH—wiped out in 4 hours.

Today, I scrolled through the news, and a string of bullish headlines hit me—I just froze:

1. Institutions are still buying
Tom Lee’s BitMine bought another $213 million worth of ETH, bringing its holdings to $9.3 billion, accounting for 4.59% of circulating supply. The key point is that he’s currently showing an unrealized loss of over $10 billion, yet he’s still adding.

What does that mean? Losing $10 billion and still not selling—still buying.

2. ZK-EVM is coming
V神 said at the Hong Kong Web3 Carnival that the 2026 goal for ZK-EVM is “sufficiently secure,” and around 2028 it will become the main method for verification chains. ConsenSys CEO Lubin also weighed in, saying that within 3-5 years, Ethereum will become a protocol completely based on ZK proofs.

Performance, privacy, and quantum resistance—these aren’t just fantasies. There’s a timeline.

3. One key on-chain metric
Glassnode data shows that right now, only 11% of ETH are in “more than 3x profit” status, the lowest since February 2017.

So what does that mean? Most people aren’t making money, which means selling pressure is lower.

---

Honestly

When I got liquidated, I thought ETH was finished. But seeing this—institutions losing $10 billion and still buying, V神 pushing ZK-EVM, and on-chain profitable positions at the lowest level on record—if you say it’s not promising, it feels like there’s still something there.

My move:
For now, I won’t touch derivatives. I’ll buy a little spot and hold it, waiting for the next hard fork.

Do you think ETH still has a chance? Drop your thoughts in the comments

👇Click the card below to view ETH real-time market data
$ETH ‌
#ETH机构吸筹：链上近$1亿资金涌入 #高盛清仓，机构持仓分化 #ETH网络升级倒计时