Why has ETH been sluggish for a long time?

ETH has been sluggish for a long time, so we still need to give everyone a psychological massage.

One ​​of the reasons for ETH's long-term slump is that it is now in the stage of changing bankers. Wall Street's large financial institutions are becoming new bankers and gradually taking over the bargaining chips of the previous wild bankers. .

We can also get this verification from the data: in the past year, the market share of the top 100 currency-holding addresses has shown an upward trend. It has now reached 66%, a significant increase especially after the ETH ETF was approved for listing.

This shows that the concentration of ETH is actually getting higher and higher. The head address has been buying, but the price of ETH has not increased. What does it mean?

On the one hand, it shows that bookmakers are always there and continue to attract funds; on the other hand, it shows that there are a lot of changes of hands in the market, not only retail investors are losing chips, Moreover, this group of head addresses also changed hands internally, that is, the dealer changed.

You must know that ETH and BTC are the only tokens with ETFs, and ETH has a very big advantage over BTC: staking income.

Once the ETF starts staking returns or even re-stakes, the currency-based risk-free return of at least 3% a year is actually very good, especially compared with traditional financial products.

This is the unrealized potential of ETH and the biggest potential benefit.  

Naturally, traditional financial institutions will not let go of this piece of cake, and have strong will and motivation to become the new village of ETH.

However, ETH has been the main narrative in the two rounds of bull and bear. Naturally, there are more long-term holders and the chips are more dispersed. So the change of hands of this chip It takes a long time and the dishes need to be fully washed.

Therefore, it is necessary to suppress the price of ETH for a long time and let the previous long-term holders lose their chips, such as the popular SOL, etc., so that the chips can be concentrated in the hands of new bookmakers.

Only when Xinzhuang has attracted enough funds will it have the motivation to increase the price of ETH.

This is a conspiracy.  

Therefore, don’t throw away the truly valuable chips in your hands, that is, BTC and ETH. Only by going through this long and painful wash can you get what you really want. long-term benefits.