According to recent investor notes from Matt Hougan, the chief investor officer of Bitwise, Ether Lee's recent price rally is being promoted by significant structural changes in demand.
Since May 15, the company has acquired almost 28.3 million ETH as ETFs and corporate purchasing activities have soared since May 15, exceeding $ 10 billion.
This purchase activity has surpassed the new ETH issue 32 times, contributing to the imbalance without the demand for analysts. HOUGAN explained that Ether Leeum's price has risen more than 65% last month and more than 160% since April.
Market sentiment plays an important role in the movement of encryption assets, while Bit executives are the gap between the basics, especially how many ETHs are purchased, and how much it is created in the chain. In his view, the current dynamic dynamic reflects the occurrence of Bitcoin after the launch of the SPOT BTC ETF in early 2024.
ETFs and companies run ethical accumulation
Ether Leeum's reversal of the trend became clear when he got a momentum as he entered the Spot Ether Leeum ETF in mid -May. According to HOUGAN, the investment vehicle has been more than $ 5 billion since then. Meanwhile, corporate organizations began to position ETH as strategic assets within the Treasury.
Companies such as BMNR (Bitmine Inmersion Technologies), SBET (Sharplink Gaming), BTBT (Bit Digital), and Ether Machine (DYNX) all announced large -scale ETH or purchasing plans, and total ETH supply of Bitmine alone Target 5%.
For example, Sharplink Gaming acquired more than 280,000 ETHs, while BitMine accumulated more than 300,000 people. Bit Digital sells Bitcoin reserves, acquiring more than 100,000 ETHs, indicating changes in institutional preference for Ether Leeum.
These companies not only take significant acquisitions, but also openly summarize the long -term ethics strategy, indicating structural promises to assets.
Outlook suggests continuous demand exercise
The upward trajectory of demand is expected to continue. HOUGAN pointed out that ETH's market cap is about 20% of Bitcoin, but ETF still accounts for less than 12% of Bitcoin ETF.
Bitwise is expected to have a narrow gap with the support of Etherrium due to Stablecoin growth and tokenization trends.
In addition, HOUGAN is increasing the appeal of ETH financial firms, which are currently trading as premiums due to the value of basic ETH holdings. This market condition is especially incentive for the accumulation of additional ethics by public companies, especially if premiums remain.
He announced that Etherite, which is believed to be able to show nearly seven times more demand than the new supply, can buy more than $ 20 billion in ETH next year, considering Etheare next year.
Ether Lee does not share Bitcoin's hardcaps, but HOUGAN emphasizes that short -term prices are largely instructed by supply and demand epidemiology. Given the current imbalance, he believes that the rise price can continue.
Regardless of whether such a trend is maintained in the long term, Ether Lee's short -term price behavior seems to be increasingly affected by institutional behavior and financial adoption strategy.
Chart of TradingView, a major image made of dall-e
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor's team. This process ensures the integrity, relevance and value of the reader's content.
