🔥 This wave of rally, smart money and institutions are taking from both ends, retail investors are caught in the middle taking the hit.

When the previous $ETH bullish candle pierced 1841, I kept an eye on the market without moving. 10 points in 24 hours, considering recent market behavior, is a significant effort to shake off the bearish sentiment.

The timing is during the weekend when liquidity is thin, and such levels can't be driven by retail FOMO.

On-chain activity is even more interesting. An institution-related wallet picked up another 1,400 coins, bringing the total holdings to 4,400 coins, equivalent to $7.89 million.

On the other side, Bitmine is more aggressive, spending $35.85 million in the past 5 hours to buy 20k $ETH, still 380k coins short of the target position. Both transactions are publicly on-chain, not covert accumulation.

This round is no longer about retail bottom-fishing logic.

Earlier, when Wang Chunsan bought the dip three times with an unrealized profit of over $20k, some said it was luck. Now, institutions are entering on two fronts—one following a dollar-cost averaging approach, the other building a position—clearly fighting for pricing power.

Spot holdings remain unchanged; I definitely won't chase at 1840 in the short term. I'll wait for a pullback or a volume breakout.

There are also some who are holding on the bearish side. A short position with 44.4k $ETH borrowed is still open, with liquidation likely above 1900.

Once it reaches that level, this short will become fuel, and volatility will be high. It’s not the time to bet heavily on the direction.

Institutional pricing cycles are starting; they’re not telling you to chase high but showing that someone is using real money to set the floor in this range.

How far this rebound can go depends not on news but on whether the 1850-1900 dense zone can be effectively absorbed. If volume pushes through, that big short is likely to be liquidated, possibly even boosting the rally.

If it can’t break through, this will be a corrective rebound, and we’ll need to come back and test again.

The market always offers opportunities; what’s lacking is patience to wait for them.

Hayes and Bitmine’s two public orders are now live, signaling ongoing institutional demand driven by a list-based approach.

$ETH A new pricing cycle is unfolding, and funds are likely to concentrate on high-quality liquid assets. The follow-up rally structure of $BTC and mainstream altcoins will also be re-anchored. #Gate现货交易量增幅全球第一