What really determines the crypto market is the will of institutions and listed companies.
BlackRock had a net inflow of 1.76 billion USD into ETH last week. Both Sbet and BMNR will issue more stocks to continue buying ETH. Once they sell 5 billion, they will definitely continue to issue more to buy ETH. Retail investors have little to contribute; their shorting or going long does not affect their buying spree because they really haven't spent their own money on ETH. So why not continue buying?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
What really determines the crypto market is the will of institutions and listed companies.
BlackRock had a net inflow of 1.76 billion USD into ETH last week. Both Sbet and BMNR will issue more stocks to continue buying ETH. Once they sell 5 billion, they will definitely continue to issue more to buy ETH. Retail investors have little to contribute; their shorting or going long does not affect their buying spree because they really haven't spent their own money on ETH. So why not continue buying?