The #eth has fallen in the past few days, and some people have broken down their faith again? Some opinions and data are shared with you, hoping to recharge your faith: 1. This round of ETH is a pure capital-led rise, and it is now the standard early stage of the treasury competition. Because the first and second places only have a scale of 300,000 coins (about 1 billion US dollars), this scale is not enough to form a monopoly position, and there is no deterrent effect on latecomers at all (many large households have 10-200,000 coins alone). 2. The competition for first and second place is a stud game, the loser will have nothing, and one million eth is only the threshold of this war, so SBET and BMNR cannot stop buying now. Referring to the ETH/BTC market capitalization ratio and the market value of BTC reserves of Strategy, 2 million + is possible. 3. As far as I know, there are at least 7-8 listed companies around me that are about to start an ETH treasury strategy, and each company has an initial capital of hundreds of millions of dollars. 4. Price determines value, and when the price of ETH changes qualitatively, its ecology will also change. Don't forget that this is a deflationary chain.

The price of #eth has been increasing at an average rate of $100 per day over the past 12 days, in large part due to the aggressive buying of publicly traded companies implementing Ethereum treasury strategies. At present, the dragon throne is still inconclusive, and it is expected that SBET and BMNR will accelerate their purchases to get rid of their opponents, which will make the ETH price reach an exaggerated position in the short term.

The cyclical nature of the currency circle is obvious, if you judge that it is a bull market, you must be bold and decisive, and don't hesitate. The more careful you hesitate in the bull market, the more likely your mentality will collapse when sprinting to the top of the mountain, and finally FOMO will chase higher and lose money.

The infinite bullet purchase strategy of listed companies is a fundamental change for ETH, an asset with relatively low inflation, staking income, and a relatively small market capitalization. In 2023, I communicated with many listed company bosses and suggested that they implement the ETH treasury strategy, which is a pity. People are always used to "believe because they see". And truly great investment should always be "seeing because you believe". Think about it again, now eth gas is still so low, ecology is so cool, and TPS is still so low, what will happen if these three are improved? Welcome to communicate with institutional DMs with ETH treasury strategic plans, @ebunker_eth as the largest ETH staking company in Asia, we are willing to provide you with ideas and technical help.

Have you ever seen a bull market? I've seen it, December 2020 - May 2021. All technical indicators fail, all air forces are fuel, and all buy-ins make money.

There have been too many people chatting privately lately, so let's summarize my opinions: 1. The essence of the treasury strategy is infinite bullets + the attention of the stock market. 2. Emotions have continuity and inertia, and ETH's emotions have just begun to detonate for 10 days. Unless there is a huge bearishness, the trend will not reverse. 3. There are still a large number of people who don't get on the ETH, or get off halfway. Because ETH has spent a whole year cultivating everyone's empty thinking. 4. The treasury strategies of other currencies have not formed a large-scale consensus at present, so the effect is not as good as ETH. 5. Look at the pattern of ETH/BTC.

Familiar feelings are coming, and the last time I felt this was in December 2020

The currency circle and the stock market are about to usher in the era of liquidity integration, that is, the era of currency stocks, which will be the most glorious moment of the currency circle. The current best assets in the coin stock era are BTC and ETH, and other coins eat the spillover value of both. Because these two assets are enough to be the leader, all compliance channels have been passed. It is easy to operate for listed companies, with enough capacity, and large funds dare to stud. The top 10 coins by market capitalization may have corresponding treasury strategy companies, and the shares of these treasury companies will rise more than the currency itself. BTC will reach a "price tipping state" after 2028, that is, usher in an accelerated rally. The real cottage season is not yet coming, you can rest assured that stud.

Pumpfun TGE will be another harvest of on-market liquidity, with $600 million in direct fundraising and more than $1 billion in selling pressure, which is as lethal as $trump at the moment. Remember what happened after $trump? SOL went all the way down, the cabal accelerated the harvest, and the small coins began to fall off a cliff. If I were the pumpfun team, I would also choose the last cash-out, billions of market capitalization plates, such a high liquidity rate, it must be realized first, -95% of the bubble is eliminated and then consider whether to operate the second time.

To summarize the content that friends have been chatting about the most recently: 1. There is no alpha in the currency circle, and beta is not as good as U.S. stocks 2. At present, it is the last grassroots cycle in the currency circle, and those who have not made money should hurry, and those who have made money before have held on 3. Compliance is a general trend, but it can't make money in the short term 4. BTC is the only big narrative in the cryptocurrency circle 5. ETH fundamentals seem to have not changed but have actually changed, so it will rebound but it is difficult to reverse (I will write a special article to analyze it in the future)